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All Forum Posts by: Wesley Myers

Wesley Myers has started 30 posts and replied 88 times.

Post: STR Pricing - How do you set pricing?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

I check my enemies. 

Post: Cost for small plunge pool at STR in FL?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

Thanks folks. Have a few connections in the community and contacted a couple of companies. $45k is about the going rate but it's a "real" concrete pool vs a plunge pool. Will probably go this route and get on the list for next year. Now the decision to heat or not to heat and hot tub or no hot tub.

Post: Short Term Rental in Panama City Beach

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

We're here as well. As John said west is best but you can find a cheaper place on the east end and they still rent. Currently under contract on our 2nd STR. Let me know if you need any local knowledge.

Post: Cost for small plunge pool at STR in FL?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

Working on purchasing our 2nd STR. Back yard is perfect for a small pool and we'd like to add one sooner than later. What kind of price range should we expect and what about time frame? I know this will vary but a general idea? In the panhandle of FL. Small pool nothing grand. Possibly heated.

Post: 7yr ARM vs 30yr fixed in these times?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

True no guarantee it goes down but god I hope so…

Post: 7yr ARM vs 30yr fixed in these times?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

On the hunt for financing for our 2nd STR. Thoughts on 7yr ARM vs 30yr fixed with these high rates? I can save about .5% with the ARM and $4k in closing with one lender. If we plan on refinancing down the road why choose the 30yr?

Post: Wind Only Policy in FL since Ian

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

@Bryan Senk were you able to find wind only? In same situation now looking for quote.

Post: Using Equity to build rental portfolio?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

Great discussion. Assuming you're using the income generated from the new property to pay off the HELOC or are you using income that the fully owned property is generating? What's the typical percentage you can borrow against for a HELOC? Any issues obtaining if the property is in an LLC? We're in a similar situation fully own one STR trying to scale up.

Post: STR complaint water is not hot enough

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

You can't please everyone...

Post: How do you differentiate your short term rentals?

Wesley MyersPosted
  • Rental Property Investor
  • Inlet Beach, FL
  • Posts 90
  • Votes 32

For beach locations... Golf cart, paddle boards, skim boards, items for water activities...