All Forum Posts by: Joey Garcia

Wow. I hate to give on a property manager after 11 days but maybe I need to do that. I've made zero money this year so far. Bummed!

Thanks for the responses, it confirms what I was thinking, now I know.

I am using a new property manager because I wasn't happy with the one I've been using the last couple of years, but I am wondering why am I not getting any bookings and last year at this time I had like half the month of March booked. I did a search on the various booking sites and could not find mine on AirBnB, when I inquired I was told that the owner doesn't like using AirBnB because "Basically it takes a very long time in order to get the rents. They also take total control of all the bookings".  Many other condo owners have a lot of bookings and I have a much nicer condo than theirs, so now I feel like I made a mistake.  The property manager came highly rated and I felt lucky to get in with them, but now I am very concerned and is keeping me up at night.  Is there any truth to this?  I am not doing any bookings myself and I have considered it, but if there is a problem with the changes that AirBnB made last year, I'd like to know before I do anything drastic and without being informed.

Hi Sheri, I actually have two condos on the Okaloosa Island near Fort Walton Beach FL, and I live in Atlanta.  I am also the COA President for my building, and I think I can offer you some good tips on what you want to do.  FL is full of property managers that can handle your unit, it can be a 100% passive income for you.  A good property manager is more important than a good property.

The type of condo you are looking for sounds amazing! Something to consider. High-end condos make a lot of money at a time but there is a huge market for the young couple with no kids or one or two and they can't afford $400/night, something like $250/night (peak season price) and a 2 minute walk to be on the sand is attractive to them too. Also, HOA fees with condos with pools adds a lot to those fees. If you are by the beach and pool might be less important and a lot cheaper on your month-to-month costs.

Last thing I'll mention, is property in the Florida panhandle has white sand beaches like you'd find on the islands and you get a lot of renters from the surrounding states because it isn't really deep into Fl and in a climate like we have today where air travel is discouraged, being at the top of Fl has been a great benefit and helps save your season for renting!

If you have more specific questions, feel free to hit me up.  I just transitioned from one property manager and I just started another one (11 days into it so far) and I am not sure if I will be happy with them because they are not use AirBnB and other condo owners are getting booked now and I am not and I have one of the nicest condos in the building, but I know of another property manager I may change to, and this is why I am on this site today to get my own help.  I hope I can help you too though!