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All Forum Posts by: Tim Kanak

Tim Kanak has started 4 posts and replied 43 times.

Yes, if you can PM me that would be great. 

I've had an STR before and ended up moving into it and renting out my last house due to COVID shutting us down temporarily.

I was curious to find out if location was more important than amenities.  I likely would very rarely use it myself, I already live in Florida.  The goals would be to cash flow as nicely as possible.

@Shawn McCormick why 5+ bedrooms?  What other amenities?  Pool?


Thanks,

Different reason, but I need an experienced commercial agent for my roofing business.  We are expanding and looking for a new space.

Thanks!  Sorry for piggybacking on the thread.

Albert Spell at Fyve and his team are good.  I have some others if needed that I work with regularly.

Post: Fort Lauderdale Contractors

Tim KanakPosted
  • Posts 46
  • Votes 15

I do - I am one and have some very good contracts.  I don't think I'm allowed to promote my own business in the forums, but PM me and I can help out in a variety of different trades.

Thank you guys for the insight!

Hey everyone!

I'm selling an investment property in S. Florida (orange has been juiced).  Has anyone sold on Clever or Redfin?  What is your experience?  What would you recommend?

Thank you!!!

Post: AirBnB Fort Lauderdale

Tim KanakPosted
  • Posts 46
  • Votes 15

Hey Carly and everyone else, I just noticed all of the responses on this thread and figured I'd give provide an update.

The STR worked great until COVID. Unfortunately the local laws kept us from renting out the house after COVID hit and even though AirBnB infamously stated they would be giving Super Hosts a grant to help keep them in business during the lockdown - they did not follow up on their promise.

I ended up renting out my old house long-term (which is a waterfront townhouse) after AirBnB cancelled all my bookings without my permission and gave all the down payments back without my permission and then moving into the STR home full-time. Still living there and refinanced at a nice 2.75% rate.

Looking back (of course with hindsight being 20/20), I do regret putting so much control into the hands of the platforms (AirBnB and VRBO) and going forward plan to only invest via flipping or multi-family residences... it's the way to go.

The roofing company is still running smoothly through COVID, barely skipping a beat.  The market is strong down here, Fort Lauderdale is growing fast.

Carly - Hi! I am still interested in investing, but have not been actively searching in the last year or so.

Post: Insurance for Air BnB

Tim KanakPosted
  • Posts 46
  • Votes 15

Marc,

Give Frank a call and mention my name.  He will hook you up.

Frank Pettineo Jr., Pettineo insurance.

The site won't let me post his cell or email.