All Forum Posts by: Wesley Myers

Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation.

Just purchased our first STR condo here in PCB. Have $10k in reserves for repairs, unexpected expenses, etc... planning on setting up one separate account for everything. Reserves, income, expenses, all.

I haven't established an LLC yet but am considering since we own it 100% no mortgage. Would this be wise? Would like to purchase a few more on down the road and will set up separate accounts for each.

Does this route sound ok?

Interested in hearing your tips for finding a good cleaner? Word of mouth, google search, FB, CL? What's your method? This is or first STR beach condo in PCB FL. Thanks in advance!

You guys are awesome. I’ll look into the TCL’s. This is in Panama City Beach and you better believe folks what to see their SEC!!

Bought our first beach condo going to use it for STR 70% of the time. The living room is fairly large. Wanted to add at least a 65" to the wall. If I go larger 75" will that "attract" more renters or does size really matter? Plan on getting smart tv. What about the cheap brands? Decent quality?

Thanks for the info folks...

My sibling passed away back in Sept of last year. I was left the executor of her assets/estate. Just sold her house and have around $500k to invest. Looking to sink it into real estate. I know the options are endless but we live near the beach and are looking at STR's.

Having a hard time deciding on paying cash for 2-3 properties vs leveraging 5-6 properties. 

What would you do?

Hi Avery. Yes tips for self managing since this will be our first go round. Plan to use VRBO. Want to remodel before we offer it. Tips for amenities within the unit to draw people back, making it your own, add-ons to enhance the visitors stay in your unit. What about furniture slip covers? How do you select a good cleaner? Ways to minimize repairs? Thanks!

Hi folks, we're in a position to potentially purchase one or two small units here in PCB (where we currently live) and manage them ourself. Would need no financing cash purchases. Anybody working this area that can provide some info? Looking at condos specifically. We have a small SF home up in GA that we rent out but have no experience with STR's. First time poster any help would be great.