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All Forum Posts by: Shawntay Mclean

Shawntay Mclean has started 2 posts and replied 5 times.

Hi Kosh - I am going through the same issue on my SFH in Tampa. My property taxes also skyrocketed, so searching around for some other options.

Thanks, @Jorge Vazquez@Christian Tateo for your feedback!  I will DM you both directly, as I have a few more questions that we can discuss offline.  Talk to you soon!

Hi all,

I currently own a SFH in the Tampa Bay area, and my insurance has skyrocketed in the past year (~1,200+). In addition to my insurance, my property taxes have also increased from $800 to $4600. I've owned this property for 2 years now, and the short-term rental bookings have been favorable, holding steady at a 70% occupancy rate. With the recent increase in cost, I am not making a profit but instead adding money from my personal account to cover my monthly operating costs (~$3,700 with taxes, mortgage, etc.). I would love to keep the property, so I'm looking for some professional guidance here. Your feedback is greatly appreciated!

Shawntay McLean

Post: Looking to buy a STR property

Shawntay McleanPosted
  • Posts 5
  • Votes 5

Thanks, everyone for all the helpful information!  I have DM'd those of you who've reached out (looking forward to chatting!).  

Post: Looking to buy a STR property

Shawntay McleanPosted
  • Posts 5
  • Votes 5

Hello Everyone,

My name is Shawntay and I am looking to purchase a property (condo vs. SFH) in the Tampa / St. Petersburg area, but feeling discouraged. I've spoken with a few agents, thus far, and the theme is that it's difficult to find STR-friendly properties. I know that inventory is scarce in this current market, but are there areas that still have good profit potential?

I am looking forward to the comments.  Any help with agent/lender connections would be great also.

Shawntay