All Forum Posts by: Krista Goodrich

Hi there!  Congrats on the move!  I am an avid Daytona investor and can shed some light on this.  Currently, short-term rentals are prohibited in the residential zones of Daytona, they are only allowed in the T1 Zone (which is on A1A near the hotels-there are only 24 legal short term vacation rentals in Daytona).  I own homes in both zones.  However, I and several others, are in a lawsuit with the city fighting their ordinance and trying to get short-term rentals allowed in all zones (I mean it's Daytona Beach!), we have a hearing on 2/2 and the Florida legislature is actively debating the issue this session.  So that being said, if you plan to Airbnb your home, just hope you have good neighbors-that is the key.  When I first purchased in Daytona I did not know short-term rentals were illegal and I purchased two homes-both of which rented like crazy.  One of the homes the neighbors are super cool and we never had a problem-the other home had people living behind our home that didn't like the sounds of kids in the pool and they complained to the City (yep, we have a pool so don't judge me other investors out there as I would argue all day long for pools at vacation rentals).  We had to stop renting out that house and turn it into a long-term rental.  It's a really hot issue in Daytona-if you Google it you will find all kids of articles.  Sorry, hate to bring bad news on that-and you can definitely still try it just know you may get shut down or fined.

That being said, Daytona is a great market to invest in-at least in my opinion.  The prices are incredible and there is so much going on that I only foresee good things for the area in the near future.  Where else can you live a block from the beach for under $200k?  

If you have any questions or want to join our efforts to make short term rentals legal in Daytona shoot me a message and we can grab coffee.  And good luck in your new home!

How about 10am at Starbucks Daytona beachside?

I haven't seen one scheduled but am happy to schedule one!  Anyone want to grab coffee tomorrow (I am in town this weekend and then give for a couple weeks) or I can set a meeting up for end of the month.  What works best for everyone?

@Jorge Kuzmicic would love any deals you come across to look at for sure!  @Dan Mahoney, would love to chat offline and get your thoughts!

YAY!  So glad to hear this!  I have been trying to find a group in the area.  What is the actual date of the meeting and if I am in town I will see you there.  

Hi all, 

I have done quite a bit of investing in the Daytona and Ormond markets, both BRRRRs and Flips and love this space.  I would love to get together with other like minded investors and wanted to see if there is any interest in starting a meetup group in the area?  

Thanks!

Hi there!

I have done ten deals in Florida and am now looking at adding some deals in the City of South Atlanta. I drove around yesterday and while there is a ways to go, I think with the belt line accessibility it has some great potential. Anyone working in this area have any insights? I do BRRRR, will do flips if the deal is right but prefer long term in this market.

Thanks in advance.

Avoid Holly Hill...there are some excellent deals there but it is super sketchy so I would stay away from there to start. Port Orange is a great area to start for your SFH, great prices and most of the neighborhoods are decent.

When in April meeting?  I keep trying to get to these but live out of state and always seem to be in town on the wrong week.  Any chance there is a meeting first week of April?

I would be interested in purchasing the property if available.  However, you should easily be able to rent the house out and I would recommend considering using it as a vacation rental, which is very common in PI.  Hire a property manager and get ready to be busy Feb-August.  You could rent it out to a snowbird for the other portion.  Just a thought but if you are interested in selling let me know.