All Forum Posts by: Ryan Moyer

TD Bank did mine for a property in Florida.  It took forever and they are just god-awful to work with, but eventually it got done and I don't know of anyone else that offers them.  Note this was a couple months ago so not sure if they still offer them (Penfed had just stopped offering them on investment properties at the time).

Like some of the others have said, theming is key here right now.  At current home prices and rates you are going to have a really hard time cash flowing with just a "nice" house that is well furnishes.  There are tens of thousands of those and the only way to compete with each other on those is a pricing race to the bottom.

Theming is key to set yourself apart.  Even that is more difficult to do these days.  Gone are the days where throwing up a wall mural and adding a pool/ping pong table to the garage would count as "theming".  It needs to be serious theming now.  Slides, LED lights, full-on commercial arcades or theaters.  Even that won't set you apart like it once did, but at least then you'll be competing with a few hundred homes instead of a tens of thousands, and it will bring cash flow back into the equation as a realistic possibility.

I own and manage several in the area and can give some specific figures on data from the recent few months if you want to compare that to what you're calculating out for your mortgage payment and expenses.

FWIW on the noise, when you have a big set of like 10 pickleball courts that everyone is playing on it's very loud.  But with just one it's not that bad.  We've stayed in 4 or 5 homes with pickleball courts and noise never seemed like much of an issue.

I would assume the OP would have airport pickup as an option for the car. That's how the person I mentioned above in Orlando does it. The person flies into Orlando, picks up their car at the airport, and uses it to drive to their STR, then drops it back at the airport when they're done.

There is someone that does this in the neighborhood I own in near Disney and has great success with it.

The major advantage is every time you encounter someone on one platform, you get a free, GREAT lead (someone that you know is traveling to the area and already has a relationship with you) for your asset on the other platform.  And a discount for booking both through you can often close the deal on one or even both of them.

The main problem with this is Turo cars are not NEARLY as easy to self manage remotely (nor are there as many management options) as STRs, and there aren't nearly the same type of systems set up for it.  Most Turo owners are local to their cars, unlike STRs.

But if you can make the Turo rental work it seems like something that could be a huge help, and the couple people I've talked to actually doing it have had good luck with it.

 To be fair I'm in Utah which randomly seems to be the pickleball capital of the world somehow.  It was big here 5 years ago before it caught on everywhere else.  We have 4 indoor pickleball complexes and probably 7 or 8 sets of pickleball courts (each with 8-15 courts) within a 15 minute drive of my house.

 I'm 39 and I know at least 2 dozen people that play.

 Actual dollars saved are still worth more than a tax writeoff that saves 35% of those dollars.

No idea where people are getting this weird notion that a used hot tub is something gross and it has to be new.  There are hundreds of cabins that turn over to new owners every month in a place like Gatlinburg and every one of them keeps the hot tub from the prior owner and on one blinks an eye about it.  It's not like they're throwing it out and buying a new one.  

Heck, several of the people in this thread weirded out about a used hot tub are probably using a used on that came with the home in their rental.

 How far from the beach was this?  Most lots I'm seeing even 2+ blocks from the beach are $750k+ for 9000sqft lot that would be tight to even fit a pool on, just for the lot.  And I figured you were looking at minimum $1M+ for the build in that area.  Are the home builds much cheaper than I'm anticipating?