All Forum Posts by: Michael Sylver

Hello, I need to add construction insurance to a new construction home I'm starting next month.  I also need floor insurance.  Any agents or carrier recommendations?  Thank you

 Hi January.  4 BR home in Seacrest, its south of 98 on the east end next to Rosemary.  Very family friendly.  Community pool and deeded beach access.

 Thank you!  This is very helpful.  I see rent projections of $125k for my scope of home. However I'm skeptical that's the max, so I'm using 60% of that as a revenue budget.

 @Dan Slaughter I appreciate the response!  I looked at all the beach data.  My question is the seasonality of the Santa Rosa / Rosemeay Beach area.  Specifically, can ANY rent be expected in the off season months such as Jan through March.  

My assumption is $0 rent those months other than a holiday week like Thanksgiving Christmas and Easter, where the projections are showing thousands per month.

As a frequent traveler to the area, I cannot imagine much rent revenue in Jan, Feb, March, April, Nov, Dec.  That's the specific question.

Hello, building a home in 30a.  Will be renting through the year.  The high season is May/June/July/Oct.  

I'm trying to get a realistic gauge on rental income outside of those months. I found this post on STR site

https://theshorttermshop.com/wp-content/uploads/2023/02/Fort...

Anybody have comments on rent for those months?  Ours is a 2800 4 br sleeps 12, very nice home in a pool community, deeded beach, and beach shuttle.  

A few existing homes in the community are $70k annual.  I cannot see the Panhandle renting 12 months as projected in that short term shop projection.

Thoughts?  Thank you

I'm in process of closing on my first rental purchase, it will be a STR. It will be 40% down payment, 60% financed.

I'm already looking at my next property.  What are tips and tricks as you scale out your properties on the finance end?

If you are bringing a new STR to market, what strategies do you use to get the maximum rent in the shortest period of time? In the first year, does it require runway to get renters vs. the established competition in the area? Does it matter if I'm a first time VRBO listing my property or should I hire an established "pro" management company, will they get my property leased faster than me? Thanks!

 Sent you a PM so you can share.  Thanks!

 Hans, I sent you a connection.  Please share your brokers info with me.  Thank you.