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11 December 2024 | 5 replies
We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".
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19 December 2024 | 82 replies
And STRs really help because you don't have the large dings that long term rentals have - i.e tenants damaging the property to where you have huge make ready costs (the str insurance covers that), no collections or evictions issues.
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13 December 2024 | 7 replies
That is not a benefit for you, nor any kind of evidence that they are worthy of becoming a resident.That issue aside, I would not allow someone with a recent eviction on my property unless the "unfortunate circumstance" was unlikely to recur AND they otherwise have a strong historical track record of making payments AND they would put down a very large security deposit.
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12 December 2024 | 5 replies
Purchasing in your name might be simpler and cheaper upfront, but you’d be personally liable for any legal issues.
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15 December 2024 | 9 replies
I thinik a lot of municipalities are going to face money issues now and in the next few years where it will be too counterproductive to ban STRs (even if thats what the particular constituency wants) and give up the revenue
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11 December 2024 | 13 replies
The issue in most instances is the inability to articulate the risks and how these structures will actually help and therein lies the issue and why most go over the top on asset protection expenditures.
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11 December 2024 | 11 replies
Currently speaking with a local realtor about the STR zoning issues, insurance issues, and current/future market in Florida. 2025 should be a good time to look for a property there. 1.
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11 December 2024 | 3 replies
As others stated, if the existing structure is legal but non-confirming that should not be an issue.
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14 December 2024 | 42 replies
If using a lender this is a non issue.
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11 December 2024 | 4 replies
Limiting issues and liability is the goal.