All Forum Posts by: Shahram Shafii

@Brittany DeWitt How do you do the background work on these people when they want to rent your space? 

Does the tenants require a lot of time once they arrive and throughout their stay?

Got ya - Once we get our family/rental home then we will look into the orlando market. For now we want to get something that we can utilize as a family.

Thanks for all of your help!

@Keith Courtney

Thanks for the advice - it seems like the mngt variable in this will be critical for mme to succeed and not go crazy. 

Thanks @Dan Oliver

Great article - Do you know if it is common practice to contact these mngt companies to buy properties? I would imagine the owners of these properties would inform these companies if they were looking to sell but I could be wrong.

Do you have anybody in the Florida markets that are closer to the coastal areas of Saint Petersburg or Ft Lauderdale?

Thanks

Shahram

Brittany DeWitt How has the process been dealing with AirBNB so far? Is your property located in Kansas? How hard is it to get bookings? You think it would be easier in a tourist spot like the beach? Sorry I have a million questions but I don't want to vomit on you all my AirBNB questions lol Thanks Shahram

Keith Courtney Thank you for your time and insight on the topic. I have heard that the Orlando area is great for vacation rentals year round but I was thinking more coastal. If it were 100% business decision I would definitely look into Orlando area but at this time I am looking more for something my family could use as a beach home for when we vacation but also something I could rent out when we are not using it. Once we get our vacation/rental home then we will look into Orlando for business rentals. I guess my concerns would be if it's actually possible for me to not live in the vacation home area (let's say Miami for this convo) and use those online platforms to handle marketing and booking of the unit? I have heard good/bad about going with mngt company but if I could use these sites to help market and book the unit and then hire out local help for cleaning and fixes as needed..then I would strongly consider this route bc I could benefit both personally and as a business investment. I've never used AirBnB or any other platform on either side of the transaction and I'm curious to see how helpful it really would be in running a vacation rental. Thanks Shahram

I am wanting to get into RE investing but I am not 100% settled on where I want to live. We have moved a good amount over the last 5+ years and I wanted to wait until we chose an area that we would make permanent so we wouldn't have issues when moving from place to place. However with that being said my urge for wanting to begin investing is growing stronger and my patience for waiting is fading. I have been reading on the topic of vacation/short term rentals and it's very appealing to me. My initial thoughts are I can purchase a vacation home in an area that we can utilize as a family for personal vacations but also use as a vacation property or short term rental using Airbnb or home away type of platform. Does anyone out there have any experience with using these platforms and what are the pro/con of short term vacation rentals? Any suggested areas to buy one of these types of jokes? Any other thoughts on this situation would be much appreciated. Thanks Shafii