All Forum Posts by: Jon H.

 I disagree.  Southeast FL and Southwest FL are very much their own bubbles and are spoken about separately. Very different markets.  There is minimal overlap between developers, contractors, architects/engineers.  Also very different culturally. 

Option 1

Everyone’s thoughts are pure speculation. Everyone can also be wrong. 

What makes you think a crash will happen? Appreciation rates should cool off (hopefully); that’s about it. 

Nice! Congrats. Building a network is key. I’ve seen so much poor workmanship throughout South Florida. Having quality subs can make or break a project. What other locations are you looking into doing rehabs?

Thanks for the input, James. I should've clarified that my question was more from a marketing stand point rather than a legal entity setup. I agree that separate LLC's are the way to go.

I wouldn't have any ownership in my sister's property but I was considering a joint "Branding" that could benefit us both. 

I'm currently looking to purchase a STR condo in the Orlando area (Osceola County). If all goes well, I'd be looking to purchase another one there next year. My sister was also currently looking to buy a STR in Central Florida as well.

Thinking ahead, would it make sense to set up a Company/Brand to operate the three properties? Does this give the STR a more professional look or do travelers prefer to deal with individual hosts? I'm curious to hear the perception since so many of you have several STR's in the area.

Thank you!

Would you mind elaborating where “you look it up”? Are you referring to a County database? I haven’t seen this distinguished in my area.

How exactly does the County know? The drawings they receive for a modular are the same drawings as a stick built since they’re both designed to the same Code and with the same details/materials. You can’t really tell by inspection either unless you’re there during the installation. 

That's one of the scenarios that I was referring to.  Do you have experience in that process?  Does the current Owner have to be involved in that process? 

I've noticed a few threads where people state that the jurisdiction approvals/permits should be obtained prior to purchasing a property.  I'm curious how this process plays out if you haven't bought a property yet.  Do you approach a jurisdiction with a report proposal or conceptual drawings in order to confirm they would approve?

I've been researching a new build project and when I tried to get detailed information from the County's electric company, I was told I had to be the Owner to request further info or get a meeting.  This was in regards to relocating a pole/overhead wiring.  This is a very specific case which is why I may have received this response. 

It'd be unfortunate to buy a plot of land or existing home and be told later on that your project won't be approved.  This will obviously vary by County but am curious to hear people's experience in this process.  What was the sequence of events for your due diligence before buying a property?