All Forum Posts by: Allen Berrebbi

to me its a waste by the time they alert you that someone has filed a fraudulent deed ext. its already done and your going to have to take action.. I guess you would learn quicker but I dont think this holds much merrit. 

I personally am buying and helping clients buy in the Tampa Bay Area for a few reasons:

Here, you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation. Florida is projected to lead the country in net migration in the US and projects a 10% net increase by 2030 with Tampa leading that charge. The ratio of new jobs to new home starts is a staggering 2:1 making that growth sustainable. It's a jack of all trades here with little to no trade offs/cons when comparing apples to apples to other large STR markets.

The key to success here though comes in the knowledge and execution. Buying the right property type, location and price are half of the equation. The other half is: excellent finished product design and management at a reasonable cost.

As an investor and agent here, I have partnered up with top national designers that make the process turnkey for my clients and ensures them a top performing product. The difference in this portion of the execution can be $30k-$60k/yr more money in your pocket vs. that of our competition all other factors equal (such as the property size/location).

Next, to drive costs down, I co-host (only for clients) at 15% which is 5-15% less than the large PM firms. This again puts another $6-$20k in my clients’ pockets and getting a more personalized and boutique experience rather than being just another number.

Because I also own and buy actively, I also have the proven vendors that further save my clients money from insurance, landscaping, pest control, pool care, and handymen/hvac/plumbing/electrical.

With all that in mind, there's a few different categories of property you can buy that maximize their returns. CoC returns of 15-25% can be had here based on what skills and or effort you put into the project. I have clients that like to be 100% hands off and I have others that will fly in and do their furnishing/design themselves and even some that self-manage out of state.

 Hi - I am based in Tampa.  There are still cash flowing opportunities at current rates and I am closing 2-3 per month for people like yourself.  Ill send you a DM :)