All Forum Posts by: Reese Newell

Welcome @Juan Carlos Correa, I could use a CPA! It's been a struggle for myself to find a reliable one.  I have some homes in Ft Lauderdale and excel in the Short Term Rental space.  Happy to help with some advice and if you do a search, you'll find some solid posts I made on the space.  I'd recommend searching the forums for topics you're interested in to get a solid base and direction.  Without clear direction, we lack clarity!

Hey, my wife and I focus on investments in the South Florida region with our main focus on Short Term Rentals.  We know the numbers in depth for all areas of South Florida and are here to help if you need anything.  @Isabela Faria-Newell is an expert realtor on the local market while I primarily focus on the numbers and operation.

 Hey and welcome to the forums! My wife, @Isabela Faria-Newell and I own 3 properties in Fort Lauderdale that do extremely well as Airbnbs.  We have very in depth data on all the numbers and analyzing any deal.  Feel free to reach out to us, we would love to help!

Hey Gavin, welcome to the forums, there are some meet ups in South Florida and I am always happy to meet up for coffee.  Shoot me a message! I'm in Fort Lauderdale quite a bit and own some properties over there.

Welcome to the forums Masood! You’ll find them amazing and full of tons of knowledge.  Have you done any projects thus far here in this South Florida region?

We have some short term rentals and management that we are scaling in the area.

@Jonathan Greene makes valid points here.  Your reply is in a pretty rough tone leading me to think it is not smart to have her brought in.  He was just giving you his advice and trying to compare your relationship to others here as a defense is a sign of fragility.  I would highly take his advice on a lot of this.  

Another question, why is having your girlfriend pay you rent still fine, but after 6 years and no marriage it is an absolute NO on buying together? I’m a little lost on this as you could bring her in equity wise like the parents or on similar terms.

Hey @Barrington Smith that’s going to be a somewhat tough task, and it comes back to basic principles of those who crush fields:


-the guy who does great work often values his time a lot and won’t give a free estimate

-the guy who is hurting for work often will.  

While it is possible to find the latter, keep a high guard up with your intuition to screen and pay attention to more details.  You may be saving money short term, but it does not mean you’re increasing your long term expected yields.  Best of luck, sorry I don’t have one for you on this!

Hey @Josh Michael, my wife, @Isabela Faria-Newell  and myself own and operate 3 and are expanding more in Fort Lauderdale now. We are both realtors who have lived in the area for over 4 years and south Florida for about 10 years.  I am super happy to help you with areas that might work.

what are your main goals? Using it in peak season will be tough on your numbers, but is amazing if you’re okay with that and it’s just to offset some of the costs of ownership.  The condo advice is spot on, there are only a few on the beach that allow it and I would avoid that.  Wilton manors specifically is its own jurisdiction within the city that has some of its own laws. 

I can help with the process, what are your own goals for it and what are your wife and you looking for as far as a living space for yourselves?  If you’re around in the area, I’m happy to link up for a coffee to help out.