Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Is there more supply in the area?

Florida has over 1000 people moving in a day, our supply is almost non-existent compared to the past and even condos are giving amazing returns (example: we have a new condo purchased at $270k bringing in $4k a month in short term rental income). 

Especially post covid with all the supply chain issues that followed.  4-6 months is a much more realistic timeline and if the builder is off any worth you might have to get in line.  4-6 months is assuming you have closed on the property, permits are in place, a contract is signed, and the weather allows me to start today.  

If the city takes away the supply then prices will go higher as the demand will still be there in the short run.

We manage a few in NJ and are constantly shipping up and/or ordering supplies to be delivered to cleaner. 

I just refinanced an investors STR, he had to supply 12 moths trailing history of the STR income. 

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

@Jonathan Orr if you get a chance, watch the NFL draft this Thursday-Saturday, not for the sports part of it, but to monitor the thoughts about Detroit from the visiting media.Us Detroiters are expecting a LOT of positive feedback on how the city has improved in the last 10 years.PM us if you'd like to chat:)

Supply inching up.