City of St Augustine I recently had a pre-permit inspection for a client who wants to use the property as a short term rental part of the year. Because it is located within the City of St Augustine, the property needs to confirm to the following. It was great to walk the property with the […]
Setting up your Short Term Rental Read More »
If you already own a condo in Florida you’re probably very aware of Senate Bill 4D which brings requirements for a Structural Integrity Reserve Study (SIRS) in the next two years. If you’re buying you’ll want to know if the study has been done and if there are any assessments planned. The studies alone can
Buying a condo in Florida? Read More »
My own journey as an investor started last year. I found a property with two rentals on it, at the right price and a ton of potential. In the, let’s just say, “up and coming area” of West King in St Augustine, I thought this would be a great opportunity. Sight unseen, knowing that I
A New Year, A New Opportunity – 1940s Bungalow Rehab Read More »
RENOVATION HIGHLIGHTS & LOWLIGHTS Scroll down for photos! What an incredible learning process this year has been. Twelve months ago, I began a renovation on my property in St Augustine. When I purchased the property, I inherited two tenants and had to wait the lease out on the main house before I could start any
My Renovation Update – Year in review Read More »
There’s nothing more painful than making bad decisions with your own cash. Since buying my property in West Augustine last year the learning curve has been enormous. It’s not like I haven’t done a renovation before, but with this one dealing with two major renovations with both houses on property, and the remnants of 50
Mindy’s renovation update: Greatest Mistakes Read More »
Matt Kelley, property manager at Remax Realty, joined our call this past week to discuss property management for long term rentals. This is a hot topic because of the growth we’ve seen in St Johns County and the severe lack of rentals. These are rentals that where tenants stay for more than 6 months, (generally
Long term rental tips from a Property Manager Read More »
With the cost of reconstruction skyrocketing over the past few years, many people do not have enough insurance to replace their home should it need to be replaced or repaired due to a major storm or catastrophic event. When was the last time you reviewed your coverage? Most people don’t know if they are under
Do you have enough insurance? Don’t wait for the next hurricane to find out Read More »
A 1031 exchange is a real estate investing tool that allows investors to defer paying capital gains tax on a property. You can swap out an investment property for another and defer capital gains tax that you otherwise would have to pay during the sale. Be sure to begin working with a QT or qualified intermediary before you sell or
1031 Exchange: What you need to know Read More »