All Forum Posts by: Sebastian Giraldo

As a Real Estate Broker and also partner of Stratton were we manage short term rental property my suggestion is that you keep in mind the following things.
When you think of investing on a Condo you have to be aware that condos may in this era of social distancing and stay at home jobs people are looking for privacy, less congestion, and more private amenities at their disposal. Don't get me wrong I am 100% ROI and cap rate thus, my longing has been multifamily for ling. However, this new normal has been a breakthrough in my risk/reward frame of mind.
If you are thinking about turning the property into an Airbnb I am all about single family homes as of now because you're also able to tailor the experience for the guest's and there is also a limited amount of single family home experiences that can be offered. In contrast to condos and vertical multifamily anyone can replicate that experience and compete with you. I believe we're seeing a massive shrink in the short term rental market and that is because before the virus there was an overabundance of small 1/1 and 2/2 units.
Hope this helps and as always feel free to reach out!
Best regards

Hello Daniel,
I'm an Investor with vast experience, I have been able to help a few folks from bigger pockets here in Miami,Florida.
We also have vast experience in short term rentals as well as in RE transactions. I’ve flipped and wholesale properties as well!
It’s my pleasure to help you with any questions or suggestions.

Hey @Justin Bartram that sounds like an ideal scenario for you to have an airbnb property. We manage many properties for owners and also doing the rental arbitrage strategy. My advice is to look at the best performing properties on airbnb and then derive the analysis from there with a visual on the pictures as well. I’ve been able to do this with bnbvestor.com Additionally, the success of your income will largely depend on how good of a host you are. This means immediate communication, the speed which you solve a problem for guests, pictures on the listing, design and accomodations of property, Lastly the small details that will allow you to stand out for example a high chair and pack and play for toddlers.

Cheers!

@Charles Zink Varies per building and zoning laws. I would first check with HOA then short term rental zoning within the area. For example, little do people know South Beach allows in certain areas then it falls upon the HOA building governing docs if its allowed or not.

Hello Everyone! Wow quite an interesting story there @Nat C. 

I'd love to have you and everyone else share with us this week in our monthly air bnb meet up. This Wednesday. 

https://www.meetup.com/Airbnb-Hosts-Miami/events/260257797/

I am sure there is many ways to address this and many issues. We have many experienced managers and hosts. That is why we connect, learn, and solve. You're more than welcome to come :)

100% You should @JD Martin you will be able to use deduct these expenses against your income which will help your tax burden. Now I am not a RE accountant even though I can connect you with mine but this is one of the most important things to do from the get go. I am now on my 3 or 4 LLC. Haha could be 5. They all serve different purposes and functions and partnerships. Happy investing!

Hello @Greg Lindor there are many favorable opportunity zones in Miami/Broward particularly in the Little Haiti area look very attractive to me as a multifamily investment were there is already a big amount of investment going on. Also in addition to one of the areas @Marcus C. Mills mentioned is Hollywood, FL. Where I have rehabbed property and hosted on air bnb while it was on the market and sold. 

Also if you're looking to network with other like minded investors we have a close knit Air bnb Hosts Miami meet up group that you're more than welcome to come to. Next one is on Wed April 17th.

Here is the link to rsvp: https://www.meetup.com/Airbnb-Hosts-Miami/events/260257797/

In case you haven't this is the interactive opportunity zone map: https://deolmsgis.maps.arcgis.com/apps/webappviewer/index.html?id=4e768ad410c84a32ac9aa91035cc2375

Funny enough my office is in an up and coming opportunity zone. We'd be happy for a soft intro and answer any questions you and your wife may have. 

@Jean H. very much appreciate the mention :)

Hello @Edmund Campbell lets connect I am consistently in contact with large multi-family building owners. 

Hello @Albert Comas Im involved in this market. Particularly developing relationships with property owners and potential sellers. Im here to answer any questions, connect, or help direct you in the right way. 

Hello @Dominique C. ! Be sure to check out Homepath.com 

These are some pretty affordable Fannie Mae properties that give priority to first time home buyers for the initial 2 week period.