All Forum Posts by: Sean Gallagher

Good points

Guy called today to go over my home, said he was driving by, needed me to tell him SF. type of heat, if it had a fireplace etc. Then he said thats all he needed, I go, did you take notice to the 24 x 36 stick built garage? That's also on the property, and he had no idea. Stuff like that just pisses me off. Guy is out there to look over a property and doesn't even know the property lines. I'm not sure if he has anything to do with appraisal for the HELOC but good god I hope not.

Understood, I'm starting to look into some ways to do this legally. The properties which operate as condo-hotels in Orange County seem to be zoned properly but still if you purchase you operate under an HOA, will have to dive into those rules. Basically I went on airbnb and called a few of them out, some got pissed but some also responded that they are legal so I looked into the community they were renting in, turned out to be a condo-hotel set up. Which is interesting to me because the community operates as a hotel but they also sell rooms.

Exactly my thought as well. I wanted to dab into a much higher ROI with the airbnb route but starting to re-think. Will continue to see what I can find out. Supposedly in Osceola, Polk, & Lake county you can operate an airbnb but you're talking a half hour + to resorts. Which is a pretty big deal when some properties listed you can walk to the resorts. You go on airbnb and check out their location on the map, they're well within Orange County. I'm going to message some of them to see their thoughts.

In the process of trying to close a HELOC with WSFS. I applied for the HELOC online, pretty simple. Just waiting on a property condition report for them to say yay or nay should hear back Monday.

Sorry for bumping an old thread but I recently moved to FL and always thought about an airbnb in the highly desired areas of Orlando. After researching it seems like a lot of issues are coming up, supposedly STR's are against zoning in Orange County.. which covers your highly desirable spots for tourist, unless you are a full time resident just renting out a room, or are acting as a bed & breakfast / commercial. Supposedly they are cracking down on a complaint basis which you know most full time neighbors in a condo environment would complain.. I'm starting to think back on a long term rental approach with how much is going on with airbnb.

Hopefully you have an update, I'd like to hear where you are at today in this process.

(Sorry if in wrong forum, on my phone, please move if needed)

It's funny that I'm a landlord and I've found myself on the other side in a pretty irritating dispute with an upnrofessional individual who is also a LL. 

It's pretty simple, his listing was bone dry, a picture showed the home with a garage, room for rent 875. Nothing in regards to a lease term, application fee or security deposit.  

So I sent an email detailing everything I was looking for, strictly looking to rent on a month to month basis and need a garage. 

He says send me your number so we can chat, I again tell him what I'm looking for, we arrange to meet that day.  I arrive with cash in hand to lock in the deal if needed.   Shows me the property it's ok, would work for what I need.  No issues, he says to hold it I will need 300, i explain I only have 200, he takes it and I get a reciept titled holding place.  

He says he'll send me an application and if all is good the lease.  We get through the whole application and then when it comes time for lease he says he needs a 3 month minimum. 

I feel like this is completely unfair. Im working with craiglist to try and get the ad which expired.  All of this happened in 3 days, the room wasn't even vacant during this term.  He's trying to pocket half of my $.  It's the principle,  I'm looking to get professional opinions.  Am I at fault here.  

Thanks everyone for the replies and messages; you all have been very helpful. I'm about to start moving forward, will let everyone know the outcome, thanks.

 Under my name 

Just tried, gave them a ring, no regions bank in Delaware so they will not allow me to apply for a heloc.  I'll try a few local banks to the property