All Forum Posts by: Tyler Hardy

@Chris Poynter I hope I can shed some light on this. I was actually raised in McDonough, lived in Jackson and Griffin, and now live in Williamson. I've seen Henry County explode since I was a kid and the growth is always focused on better schools (since schools pop up like weeds in Henry County) and people trying to "get away from the city." Which is ironic because that amount of growth just brings the city to them. I was always strategic in where I bought my primary home to be ahead of that band of growth. That brought me to North Pike County, i.e. Williamson, because there are a huge amount of people moving here to get out of Henry County. That's not to say HCO won't still be a great place to invest for another 10 to 20 years but it will change. Spalding County is also feeling some of this growth from an industrial side, which brings jobs. I'd love to talk more about it if you're interested so sense me a PM whenever. Hope this helps.

At the beginning of COVID I started a new job in sales covering the Southeast. The main goal of the position is to be on the road and in front of customers but these days, that's the exception more than the rule. Now I work out of a home office with a toddler and soon to be a newborn (due on Nov 17th). I looked around for a small, single office space that I could rent cheap to get me out of the house and actually get some work done but they don't seem to exist in my area. This would be in Griffin, GA. I've found a few businesses that would rent a "spare room" but there's really nothing in my area for people in my position. I called some local property management companies and commercial realtors and all said about the same thing, "I don't have anything like that but I wish someone would open it. I get calls from people looking for a single office all the time." My thought is that with so many people being forced to work from home, many either don't have the space for a home office, or just can't get anything done with kids running around. I know there's a market but will this market be temporary? 

Griffin is not a major metro but it's growing commercially and industrially and holds enough of an economy to justify office space and a viable investment on the larger scale. I'm just wondering about the small scale. My only issues is that old phrase "If it's such a good idea, then why hasn't someone already done it?" It works in Atlanta but can it scale down into smaller markets? I would only need to fill 5-10 vacancies based on the buildings I've looked at, and the local office rent would most likely fall between $300 and $500 per unit which would make them more than profitable in the current state of things. But being that we're moving towards a correction and eventually going to come out of the COVID situation, is this justifiable? Anyone out there with some office space experience in a "smaller town", feel free to give your two cents. Thanks in advance!

Keywords: wework, communal office, shared space, micro-office, micro-lease, regus, flex space

@Jazmine Stanek I've wondered the same thing. I don't have any beach front properties now so I couldn't give you any info on this. What I can say is to get more responses to your post, you could include keywords that can trigger BP members' keyword alerts. I usually add the areas I'm interested in, or things like STR, Florida, Panama City, Miami, Daytona, Hurricane, Atlantic City, ect. Maybe my response with these keywords will get some investors with better info that me. I'm interested too so I'll be watching.

Thanks to all of you for your input. This thread has brought in the exact type of info I was looking for from a broad range of investors, and opinions. I'll be on the hunt for a property and I'll use the info you've all shared to help me with it. 

These are all great responses with great info. That's really what I wanted to hear was a difference of opinion from a large number of people. It seams to me that it may come down to owning both and making a decision from there down the road. 

@Account Closed That's what I'm afraid of when I'm talking about a condo association. I don't like someone having control over my property. Especially when it's an investment and not just a personal vacation home. 

@Joey Morea Just out of curiosity, does your PCB or Disney property cashflow better? I know I will eventually be looking into Disney but I've always been curious about overall annual cashflow being that the market is based on nothing but the theme park market. 

@Glenna Wood I am completely on your side there! When I go on "vacation" to Florida, I generally go camping. I go solo kayak camping for generally 3-4 days at a time living on what I catch. You can't really do that anywhere better than the Forgotten Coast. I am acutally headed down to a private island next weekend for a trip that is in the middle of nowhere, just how I like it. 

But this question was posed specifically for the purpose of an investment. I'm not thinking about my opinions when it comes to choosing a beach investment, I'm thinking about the rest of the country. If it was my personally property, no one would want to rent it. I'm looking for the place that everyone wants to stay and is able to attract both summer, and winter tennents. 

@Candace Pfab That's grate! Thanks for the info. 

@Candace Pfab thanks for the info! That's basically what I was looking for here. I'm actually taking a vacation to Phoenix X on the Floribama line in June and part of the reason for that is to check out the property/area. I try to stay (or convince my wife, if I'm honest) in a different beach town every trip to better understand where I'd like to buy. How do your properties compare in AL vs FL? Have you seen decent appreciation on them? Just curious. 

@Justin Hutchins I know the area there, having camped at TH Stone State Park, Cape San Blas (before it became and island). I'm not sure if the overall STR market there though. I have a friend that sold their condo in Navarre and bought on Cape San Blas recently but they have no intention of renting it out so they are not a great reference. Do you have any numbers on the property yet? Shoot me a DM please.

I'm looking into into beach properties as an STR but I go back and forth on whether or not to look for a single family house or a waterfront/beachfront condo. This would be for the sole purpose of an investment but I'd like to buy in an area that I would like to stay myself once the returns justify the loss of revenue for a person night or two. I'm mainly looking in the 30A area between Panama City and Destin, FL but I'm interested in areas all the way West to Gulf Shores, AL. Basically, I'm open to the best area to attract STR tennents, as well as long term "snow birds" to maximize my annual revenue. That being said, I've never owned a condo but I have owned many homes. A condo comes out cheaper up front (generally) but how are the long term numbers compared when you factor in HOA and maintenance fees? On the other hand, a SFH is generally farther from the water (I'm trying to stay within golf cart distance to the beach), has less amenities than a condo, and higher property taxes, but seems like it would offer more appreciation than a condo. I'm also trying to factor in what clientele would be interested in each property and how that would affect damages, and length of stay. Am I over thinking this? Do any STR beach rental property owners have any insights? Has anyone owned both concepts and can compare them?

Keywords: PCB, Rosemary Beach, Fort Walton, Seaside, Watercolors, Seacrest, Miramar, Navarre, Alys Beach, Floribama

@Paul Sofia PM sent