All Forum Posts by: Antoine Martel

Hi Everyone!

I have been doing a lot of research on Tampa and I was wondering if anyone has any experience with rental properties in Tampa. I know that the vacancy rate is pretty high at 3%. Has anyone had any trouble with a rental property in Tampa where it was difficult for their property to be rented out?

Can anyone recommend a good property management company?

Any additional information on the rental market in Tampa would be greatly appreciated! Like the best locations for a rental property!

Congrats. Hopefully I can find something like this this year!

I have been balancing the same questions around as well. Since I am looking to do my first REI, I have been balancing the fact that something WILL go wrong. And when something does go wrong, do I want to mess up on a $100,000 property or a $2M property.

Of course I can make more profit on the $2M property. But it might be a better call to just stick with a cheaper property and mess up there. I believe I will still learn the same amount so I can do it next time. But I think that jumping into a $2M deal without much exp can be a death threat. 

Hey Everyone!

So I've been looking into Florida as a great place to invest. Today I read somewhere that North Miami Beach was a great place to buy a property and rent it out on AirBnb. With this information, I decided to do my own research and this is what I found.

I found a property in North Miami Beach, selling for $275,000 about 2 blocks from the beach. The property is a 2/2 and the mortgage would be about $1400, and HOA fees would be about $400/mo. So total costs are about $1800/mo.

Now I found some numbers on the AirBnb market in North Miami Beach. I found that the average occupancy is about 65% and I think I can rent out my 2/2 for about $150/nt. That means that per month, this property can generate about $3000 revenue. 

This would leave me with a profit of about $1200/mo. 

Of course when buying the property I will have to spend some money for beds and things like that, but everything else looks like it is in good shape.

I wanted to know if any of you have ever done something like this. How did it turn out? What were some unexpected costs? Also, I am in California, so I will have to do this deal from a pretty far distance away. Which means i'll have to pay someone to clean and deal with the visitors.

Please let me know your thoughts, or maybe even some other cities where this could work even better!

Thank you!