All Forum Posts by: Ronald Ceballos

 Have you checked Airdna to see if its within expectations for the season? I'm in Panama City (not PCB) and November is the slowest month according to airdna. Despite that I am still doing well and one of the vacant weeks is a result of me going on vacation myself.

I don't have any specific reasoning, but that is the exact point of the post. I have limited knowledge of STR (only 2 months in, and its performing beyond my expectations) and just wanted to gauge value in all directions to ensure I am maximizing my earnings, if that makes any sense.

I'm an engineer by trade, so analysis and predictive modeling is kind of what I like to do. But I also recognize my youth in this field, so I yield to people who have more experience with me.

Good day everyone! 

I just recently purchased a waterfront condo to use as an AirBnB and wanted to see what everyone's experience was as relates to travel nursing. My spot is 700sqft and it easy to maintain as an airbnb (more on that later), but I was looking for some insight on earning potential of travel nurses vice STR. I know there are some considerations (amenities for a non-vacation spot tend to be different for example), but have any of you find a good balance between the two?

I was considering limiting my lead time for STR to 3 months, and making travel professional bookings 3 months out to avoid double booking. Before I pulled that trigger I wanted to ask here to see what others have had success in.

Thanks and I am absolutely LOVING this decision to jump into this game! Its been fun learning this world and I can very clearly see the potential here. 

Best,

Ron

 Not necessarily. There are a lot of the large building condos, but the HOAs can be crippling. My agent did find a nice turnkey single home for around $300k, but I was still setting myself up and couldn’t act. That was one block away from the beach, so someone is making a killing off of that :(

For Panama City/PCB:

I've had success with Vianah Seamon at Coldwell. She found us an off-market deal recently and has her finger on the community pulse. She has a lot of knowledge of the area and is an owner of multiple properties herself. I'd give her a call and see if she can assist

Vianah Seamon - Coldwell Banker

Good luck!

Good morning BP community!

I have had one heck of a busy few months. I designed a company, filed for the LLC, drafted the business plans and charter/operating agreement, and put an offer on an off-market deal.... It just got accepted and I am not being thrust into this world at a much faster pace that I expected. I am buying a waterfront condo (with a deeded boat slip I can rent) that I intend to airbnb/short-term and all the analysis seems to indicate I will do well. Worst case scenario is I have to long-term rent (will still cashflow, just not as much).

My question to you guys: Do you have any coping mechanisms for combatting doubt? I think I have all of my analysis and such worked out, but man, actually pulling the trigger is a bit scary. I'm going through with it, and my family supports me, but i'd like to hear from some veterens how they managed this.

Thanks!

-Ron

There is a periodic webinar on here that outlines how to make your "First, Second, or Third Rental Property". I started there, and am about to purchase a place in Panama City soon.

Give it a watch and it should be of good help to you!

Best of Luck!

If you dont mind, can I see what you came up with? I am writing this now, and was curious how you made out with this. I know its 2 years ago haha

I am indeed looking to buy, but my market isn't the United States exclusively. There are some great places that arent subject to whatever madness we are going through at the moment. 

That being said, I am certainly more conscience of finances, and will adjust my risk tolerance accordingly.

 I appreciate the response! Its great to see that someone else is doing this. It almost seemed like the market was too good to be left alone, and I wasn't sure why people seemed to shy away other than the "fear of the unknown". I have some extensive experience in living abroad, so that is what spurred my interest in this market. It has been my experience that English is widely spoken (especially in Europe) and it just seemed to make sense to me. I would like to connect and will be asking for some advice as I move forward. Apologies for the late response, I was on vacation in Peru :)

Thanks again for the insight!

-Ron