<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="https://www.30arealestatepros.com/blog/rss/" rel="self" type="application/rss+xml" />
        <title>30A Real Estate Blog</title>
        <link>https://www.30arealestatepros.com/blog/</link>
        <description>This blog is dedicated to 30A Real Estate and the 30A area.  Find information on homes, condos and lots for sale.</description>
<item>
    <guid>https://www.30arealestatepros.com/blog/30a-real-estate-market-stats-september-of-2022.html</guid>
    <link>https://www.30arealestatepros.com/blog/30a-real-estate-market-stats-september-of-2022.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>30A Real Estate Market - Stats - September of 2022</title>
    <description> <![CDATA[ 
30A Real Estate Stats September 2022


To summarize, the sales volume on 30A is way down, but on average, the prices are up. The median sales price was actually up in Sept of 2022 vs. Sept of 2021 by +24.3, also the average sales price was up over +20 at $1,948,360 in September of 2022 and It was $1,556,085 in September of 2021.  Our number of sales were down the highest level year to date at -49.3 in September.  Days on market came in at 53 cumulative days on market.  There were 189 New listings in September of 2021 and there were also 189 new listings in September of 2022. 


Our inventory levels have shot up.  We currently have 5.79 Months of inventory on 30A with 619 home, condo, and townhome listings.  In March of 2021 we had less than 1 month of inventory.  Also, the average sold to list price is currently 95 and it was 98 in March of 2021.  


We are definitely having fewer transactions than last year, but we are still having an acceptable number of transactions based on past real estate markets.  For example, our sales got cut almost in 1/2 in September of 2022 to the number of sales at 107 in 2022 from from 211 in Sept of 2021, but to put it in perspective, in September of 2014, we had 109 transactions on 30A.  I feel that 2014 was a fairly normal market for us as we were coming out of the Oil Spill in 2010 and things were starting to get back to normal.  However;  based on recent years the current number of sold transactions is very weak.


I have not been involved in one multiple offer / bidding war in over 4 months and buyers are able to negotiate fair prices with reasonable terms.  The interest rates are definitely higher, and we are seeing some interesting new strategies like sellers and lenders offering to buy down the interest rate for a year or two as well as other concessions.  The 5 and 10 year ARM mortgages are also becoming the norm.  An interesting marketing term that I have seen agents use is &quot;Date The Rate&quot;.  Rates are higher, but still reasonable considering the last 20 years.  Who knows what will happen with interest rates,  we may find that a 6.5 rate seems like a bargain in a couple of years.  Also, if rates do go back down to historically low levels, refinancing is a great option.


30A Real Estate Statistics September 2022 vs. September 2021 (Residential - Homes, Condos, and Townhomes)




30A number of sold listings are down -49.3.


30a median sales price is up +24.3


The median sales price on 30A was $925,000 in September of 2021 and was $1,150,000 in September of 2022.


30A average sales price is up over 20.


The average sales price on 30A was $$1,556,085 in September of 2021 and was $$1,948,360 in September of 2022.


The number of 30A new listings was 189 and this the exact same number as last year in September.


The median list price on 30A was up +11.1 in Sept of 2022.  This is the lowest increase year to date.


The most recent cumulative days on market for Sept of 2022 was 53 days.   




Below are some of my personal observations while working with both 30A buyers and sellers in September of 2022..




Bidding wars are basically over.


Demand is slowing but prices are holding strong and even increasing year over year.


In most cases, buyers can actually negotiate with the sellers on price and terms.


Most sellers are still in an excellent equity position and can afford to be more competitive.




Things are different and sellers should price and market their listings accordingly.  Buyers are in a much better position than they were just 4 months ago.  There is still good activity and sellers can achieve success, but it is important that they are in tune with the current market climate.  Seller's should also be more open to terms like an appraisal contingency, home inspection, and financing contingency (with a pre-approval letter, of course).  If you would like to discuss the stats in greater detail, feel free to call me on my direct line at 850-585-1284.





Clayton Bonjean


Broker - Owner - MBA


Mainsail Realty Company


850-585-1284


BrokerClayton@gmail.com


Over 500 Properties Sold




 ]]> </description>
    <pubDate>Tue, 11 Oct 2022 07:48:00 -0500</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/30a-real-estate-market-statistics-august-2022.html</guid>
    <link>https://www.30arealestatepros.com/blog/30a-real-estate-market-statistics-august-2022.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>30A Real Estate Market - Statistics - August 2022</title>
    <description> <![CDATA[ 
30A Real Estate Stats August 2022


We are continuing to see a shift in the 30A real estate market from a seller's market to a buyer's market.  We have all seen the news reports of a real estate cool down on a national level and 30A is definitely affected.  


In summary, August saw a decline of -25.6 in the number of sold residential listings on 30A over August of 2021.  Actually, this is an improvement over last month (July).  Last month we were down -42.  The median sales price in August was actually up +32.8.  In most cases, prices are holding, but we are seeing some decreases in certain segments of the market.  Most of the owners in our area are not speculators and they are here because they want to be on 30A.  We are also seeing a decrease in inventory as many sellers are waiting for a better climate to list because &quot;they don't have to sell&quot;.


Below are some interesting statistics that show exactly where the 30A real estate market is today.  We pulled numbers for homes, condos, and townhouses.  These numbers represent transactions in the 30A area that is South of Hwy 98 from Dune Allen to Rosemary Beach.


30A Real Estate Statistics August 2022 vs. August 2021 (Residential - Homes, Condos, and Townhomes)




30A number of sold listings are down -25.6.


30a median sales price is up +32.8.


The median sales price on 30A was $975,000 in August of 2021 and was $1,295,000 in August of 2022.


The number of 30A new listings was down -22.8 in August of 2022 vs. August of 2021.


The median list price on 30A was up +18.8 in July of 2022.  This is the lowest increase year to date.


The average cumulative days on market in August of 2021 was 62 days.  The most recent cumulative days on market for August of 2022 was 45 days.   Year over year, the days on market is better, but in June of 2022 the average cumulative days on market was 13 days.  This really puts things into perspective.





Below are some of my personal observations while working with both 30A buyers and sellers in August of 2022..




Bidding wars have become very rare.


Demand is slowing but low supply seems to be an offset.  


We are seeing many list price reductions.  Buyers are able to purchase properties at more realistic prices.  I have not seen appraisal waivers, inspection waivers, etc.  Sellers should be competitive on pricing and be open to normal contingencies like financing, inspection and appraisal.  


In many cases, buyers can actually negotiate with the sellers on price and terms.


Most sellers are still in an excellent equity position and can afford to be more competitive.




Things are different and sellers should price and market their listings accordingly.  Buyers are in a much better position than they were just 3 months ago.  There is still good activity and sellers can achieve success, but it is important that they are in tune with the current market climate.





Clayton Bonjean


Broker - Owner - MBA


Mainsail Realty Company


850-585-1284


BrokerClayton@gmail.com


Over 500 Properties Sold





 ]]> </description>
    <pubDate>Thu, 01 Sep 2022 09:43:00 -0500</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/30a-real-estate-market-statistics-july-2022.html</guid>
    <link>https://www.30arealestatepros.com/blog/30a-real-estate-market-statistics-july-2022.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>30A Real Estate Market - Statistics - July 2022</title>
    <description> <![CDATA[ 

Real Estate Stats on Hwy 30A - July 2022


In my opinion, the 30A Real Estate market has officially cooled off.  30A is definitely seeing the effects of rising interest rates, negative housing reports, and slowing demand.  The slow down is creating some good buying opportunities as well as list price reductions;  however, we are still seeing increased prices year over year.  It appears that real values based on comps are still stable, but sellers that are looking for unrealistic prices with no support from comps are seeing continued days on market. 


In summary, July has seen the highest year over year decrease in number of sold transactions with the number of sales down -41.5.  During July of 2021 there were 207 &quot;residential sales&quot; on 30A and in July of 2022 there were 121 &quot;residential sales&quot; on 30A.  We are also dealing with historically low inventory levels and I feel that this is the reason the prices are still up.


Below are some interesting statistics that show exactly where the 30A real estate market is today.  We pulled numbers for homes, condos, and townhouses.  These numbers represent transactions in the 30A area that is South of Hwy 98 from Dune Allen to Rosemary Beach.


30A Real Estate Statistics July 2022 vs. July 2021 (Residential - Homes, Condos, and Townhomes)




30A number of sold listings are down -41.5.


30a median sales price is up +20.6.


The median sales price on 30A was $995,000 in July of 2021 and was $1,200,000 in July of 2022.


The number of 30A new listings was down -24 in July of 2022.


The median list price on 30A was up +34.5 in July of 2022.


The average cumulative days on market in July of 2021 was 26 days.  The most recent cumulative days on market for July of 2022 was 35.  




Below are some of my personal observations while working with both 30A buyers and sellers in July.




We are seeing fewer bidding wars.


Rising interest rates continue to affect demand.


Inventory is still down and prices seem to be holding up.


We are seeing many list price reductions.  Buyers are able to purchase properties at more realistic prices.  I have not seen appraisal waivers, inspection waivers, etc.


In many cases, buyers can actually negotiate with the sellers on price and terms.





I feel that we are transitioning into a buyer's market.  This means that sellers will have to be more realistic and the agents that work hard and know how to correctly price and market their listings will see great success.  The stats show us that there are fewer buyers, but there is also low inventory.  In addition, the number of days on market is increasing.   I will keep an eye on the prices and inventory levels, so be sure to check this blog monthly.






Clayton Bonjean


Broker - Owner - MBA


Mainsail Realty Company


850-585-1284


BrokerClayton@gmail.com


Over 500 Properties Sold




 ]]> </description>
    <pubDate>Mon, 01 Aug 2022 08:52:00 -0500</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/30a-real-estate-statistics-june-2022.html</guid>
    <link>https://www.30arealestatepros.com/blog/30a-real-estate-statistics-june-2022.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>30A Real Estate Market - Statistics - June 2022</title>
    <description> <![CDATA[ 
Current Real Estate Statistics on Hwy 30A - June 2022


There seems to be a shift in the 30A Real Estate market.   The number of sales has been down year over year for the last 6 months.  Prices are still increasing but at a steadier pace. June was the lowest year over year median sales price increase at 6.7 year to date.  The key takeaway is that the median sales price is up 6.7 year over year, but the median list price is up a whopping 45.4 year over year.  In my opinion, this explains the many price reductions on 30A.


Below are some interesting statistics showing exactly where the 30A real estate market is today.  We pulled numbers for homes, condos, and townhouses.  These numbers represent transactions in the 30A area South of Hwy 98 from Dune Allen to Rosemary Beach.


30A Real Estate Statistics June 2022 vs. June 2021 (Residential - Homes, Condos, and Townhomes)




30A number of sold listings are down -22.9


30a median sales price is up +6.7


The median sales price on 30A was $1,125,000 in June of 2021 and was $1,200,000 in June of 2022.


The number of 30A new listings is down -3 in June of 2022.


The median list price on 30A was up +45.4 in May of 2022.




Below are some of my personal observations while working with both 30A Buyers and Sellers in June.




We are seeing fewer bidding wars.


Rising interest rates continue to affect demand.


Inventory is still down but not as much as previous months.


We are seeing many price reductions.  Buyers are able to purchase properties at more realistic prices.  I have not seen appraisal waivers, inspection waivers, etc.


In many cases, buyers can actually negotiate with the sellers on price and terms.





I continue to feel more comfortable with the current market than I was 6 months ago.  As a Broker-Owner that has been in the area for well over 20 years, I prefer a stable real estate market where buyers can have basic protections like an appraisal and a home inspection.  In summary, prices are up, but the activity is slowing, and this is creating a more stable environment.  Please do not hesitate to reach out to me if you have any questions.  I would love to help you.






Clayton Bonjean


Broker - Owner


Mainsail Realty Company


850-585-1284


BrokerClayton@gmail.com


Over 500 Properties Sold









www.30ARealEstatePros.com


www.MainsailRealty.com



 ]]> </description>
    <pubDate>Tue, 05 Jul 2022 09:46:00 -0500</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/30a-real-estate-stats-may-of-2022.html</guid>
    <link>https://www.30arealestatepros.com/blog/30a-real-estate-stats-may-of-2022.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>30A Real Estate Stats - May of 2022 </title>
    <description> <![CDATA[ 
Current Real Estate Statistics on Hwy 30A - May 2022


On a national level we are seeing an obvious real estate market shift.  Some of the larger corporate brokerages are laying off employees and our social media feeds are full of articles regarding a real estate slowdown.  So what does this mean for the Hwy 30A Real Estate Market?  Let's not speculate and play guessing games, as all real estate markets are different and our local market cannot be solely judged by national numbers. 


Below are some interesting statistics showing exactly where the 30A real estate market is today.  We pulled numbers for vacant land, homes, condos, and townhouses.  These numbers represent transactions in the 30A area South of Hwy 98.


30A Real Estate Statistics May 2022 vs. May 2021 (Residential and Vacant Land)




30A number of sold listings are down -37.5


30a median sales price is up +45.2


The median sales price on 30A was $990,000 in May of 2021 and was $1,437,500 in May of 2022.


The number of 30A new listings is down -15.3 in May of 2022.


The median list price on 30A was up +27.8 in May of 2022.





Below are some of my personal observations while working with both 30A Buyers and Sellers.




We are seeing fewer bidding wars.


Rising interest rates seem to be affecting demand.


We are still dealing with historically low inventory levels.


Many sellers are still reaching for unrealistic numbers, and their properties are not getting offers while properties that are priced near comparable value are still moving quickly.


Demand is still very high in our area but buyers are being more cautious.


In many cases, buyers can actually negotiate with the sellers on price and terms.




What I am seeing is a better environment for buyers, but 30A sellers are still able to sell their properties at record prices.  Sellers should consult with a 30a real estate professional to make sure they market and price their properties correctly.  I listed 2 properties in the last 2 weeks and both were under contract within 9 days of listing; we did not have multiple offers, but all we needed was one good offer.   I attribute this success to good marketing and realistic pricing.  


I feel more comfortable with the current market than I was 6 months ago.  As a Broker-Owner that has been in the area for well over 20 years, I prefer a stable real estate market where buyers can have basic protections like an appraisal and a home inspection.  In summary, prices are up, but the activity is slowing, and this is creating a more stable environment.  Please do not hesitate to reach out to me if you have any questions.  I would love to help you.






Clayton Bonjean


Broker - Owner


Mainsail Realty Company


850-585-1284


BrokerClayton@gmail.com


Over 500 Properties Sold









www.30ARealEstatePros.com


www.MainsailRealty.com



 ]]> </description>
    <pubDate>Wed, 15 Jun 2022 08:53:00 -0500</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/how-to-win-in-this-hot-30a-real-estate-market.html</guid>
    <link>https://www.30arealestatepros.com/blog/how-to-win-in-this-hot-30a-real-estate-market.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>How to Win in This Hot 30A Real Estate Market</title>
    <description> <![CDATA[ 
The Hwy 30A Real Estate market is currently on fire.  This is the best real estate market that I have ever seen and I have been licensed since 1997.  Many of the popular properties are going under contract with 1 day on the market.  This can be frustrating for many buyers because they are from out of town and often cannot move fast enough.  We have a formula that can help buyer's during this challenging market.  Below are some tips to help you achieve success in acquiring a 30A property.




Auto Updates - We can set you up to be automatically updated when a property within your criteria hits the market.  This will enable you to move fast and get your offer in immediately.  JOIN DEAL ALERT to get set up on auto-updates today.


Get Pre Approved - If you plan to utilize financing, go ahead and get pre-approved now so that you will be ready when the right property is listed.  The pre-approval process can take a few days and this can slow you down when the right property is listed.


Make an Offer Sight Unseen - Yes, I know this sounds crazy, but with the correct contract structure and a virtual showing, you can do this and still have the flexibility to exit if you are not happy with the property and/or inspections.  Feel free to call me direct at 850-585-1284 (Clayton) to discuss in greater detail.


Make Your Offer as Clean as possible - The offer presentation needs to be good to compete with multiple offers.  I like to ask for customary closing costs, normal time lines, and very little write in language.


Don't Be Afraid to Offer Over Asking - If there are multiple offers and the property is priced aggressively, don't be afraid to bid a little over asking to secure a deal.




There are many other strategies and points to consider and feel free to call me at 850-585-1284 or shoot me an email at BrokerClayton@gmail.com to discuss in further details.  I have personally closed over 450 properties and I would love to help you achieve success.
 ]]> </description>
    <pubDate>Sat, 30 Jan 2021 11:15:00 -0600</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/top-10-things-to-do-on-hwy-30a.html</guid>
    <link>https://www.30arealestatepros.com/blog/top-10-things-to-do-on-hwy-30a.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>Top 10 Things to Do on Hwy 30A - Santa Rosa Beach, FL</title>
    <description> <![CDATA[ 
We have lived on the Emerald Coast for over 20 years, and I have enjoyed many of the amazing activities that 30A has to offer.  I often have friends visit the area, and they ask me what my favorite activities are.  Below is a list of my favorites, and I hope you find it helpful.  Of course the obvious 1 attraction is the Gulf of Mexico but below are some other fun activities that I think you will enjoy.




Visit the Red Bar in Grayton Beach, FL on Sunday for live music during brunch and dinner, excellent food, and a killer vibe.  https://theredbar.com/


Stop by Seaside, FL and do some shopping and dining, and be sure to watch the sunset at the rooftop bar at Bud and Alleys in Seaside. https://www.budandalleys.com/


Take an easy fishing charter off of the beach in Grayton Beach, FL. https://www.graytongirlcharters.com/.  This is great for 1st timers, expert anglers, and children.  You do not have to go too far off of shore to limit out on Snapper, Trigger Fish, King Mackerel, etc.  If you prefer fishing inshore for Trout and Reds, try Captain Sid with the Little Lucky out of Sandestin.  http://lillucky.com


Spend some time in Rosemary Beach and check out Paradis for an over the top fine dining experience.  http://www.restaurantparadis.com/


Rent some bikes and explore the 18.5 mile 30A Bike Path known as the Timpoochee Trail.  If you want to make it super easy, rent some electric bikes from Pedigo.  https://www.pedegoelectricbikes.com


Stop by Shunk Gulley on the West end of 30A near Gulf Place for some fresh oysters, excellent views, and one of the best fish sandwiches on 30a.  The Ed Walline Public beach access is across the street and they have good parking and restrooms. https://www.shunkgulley.com


Grab some Breakfast or lunch at the Cowgirl Kitchen.  They have locations in Rosemary Beach and Seagrove. https://cowgirlkitchen.com/


Rent some Paddle Boards and explore many of the breath taking Coastal Dune Lakes along Hwy 30A.  Check out these guys for bike, kayak and paddle board delivery.  https://www.therentalshop30a.com/


Venture out a little bit and check out Grand Blvd at Sandestin.  Sandestin is located about 5 miles West of 30A.  They offer excellent shopping, and many top notch dining spots like Emerils, Vintij', Tommy Bahama, and Cantina Laredo.  https://grandboulevard.com/


If you are staying on the Eastern End of Hwy 30A be sure to check out Pier Park in Panama City Beach, FL.  It is a huge shopping area and has so much to offer.  https://www.visitpanamacitybeach.com/pier-park/







 ]]> </description>
    <pubDate>Wed, 30 Dec 2020 09:32:00 -0600</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/1031-exchanges-hwy-30a.html</guid>
    <link>https://www.30arealestatepros.com/blog/1031-exchanges-hwy-30a.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>1031 Exchanges - Hwy 30A</title>
    <description> <![CDATA[ 
As a 30A real estate brokerage, we enjoy working with 1031 exchange buyers and sellers.  We have successfully helped many of our customers complete successful 1031 exchange transactions, and we have a great system.  Below are some tips and facts about 1031 &quot;like kind&quot; exchanges for properties on the Emerald Coast of Florida.




Please consult with an attorney and/or tax expert to make sure a 1031 is the best strategy for you and your specific situation.  The amount of profit from the sale, depreciation, and other items will dictate whether or not the expense of a 1031 is worth the benefit.


You must hire a 1031 intermediary to hold the funds from the initial property sale.  You can never have access to the 1031 proceeds.  Your title company or Realtor can recommend a qualified 1031 intermediary.


You must identify your 1031 replacement properties within 45 days of the sale of your property.  I do suggest beginning the initial real estate search prior to your 1st closing, as this gives us a jump on the 45 day identification period.  We normally start shopping for the replacement property as soon as your existing property receives a contract and sometimes we start strategizing when the existing property is listed for sale.


You must close on the new replacement property within 180 days of the sale.


To receive the full benefit of the 1031 exchange you must purchase a new property of equal or greater value.


The new purchased property must be &quot;like kind&quot; and meet the 1031 guidelines.


Very important - When purchasing your new &quot;replacement&quot; property.  You must include language allowing you to assign the contract to your 1031 intermediary.  


Reverse 1031 Exchange:  If you would like to purchase a new property prior to selling your existing property, you may qualify for a reverse 1031 exchange.  This process is a little trickier but many have had success.  I suggest reaching out to a 1031 intermediary, tax expert, or attorney about the reverse 1031 option.  This option is more complex and more expensive than a traditional 1031 Exchange.




The 1031 exchange is one of the most beneficial aspects of our tax code and many smart investors utilize it on a regular basis.  Please reach out to me directly at 850.585.1284 to discuss dynamics, properties, and strategies.  I would love to offer you my experience and insight.




 ]]> </description>
    <pubDate>Wed, 23 Dec 2020 18:05:00 -0600</pubDate>
</item>
<item>
    <guid>https://www.30arealestatepros.com/blog/can-30a-properties-cash-flow.html</guid>
    <link>https://www.30arealestatepros.com/blog/can-30a-properties-cash-flow.html</link>
        <author>brokerclayton@gmail.com (Clayton Bonjean)</author>
        <title>Can 30A Real Estate Cash Flow?</title>
    <description> <![CDATA[ 
The 30A Area offers many excellent investment opportunities.  I often receive phone calls from buyers and investors asking me which rental properties in our area offer positive cash flow?  The answer is... almost all properties offer positive cash flow on cash purchases and only a select few do when financing is involved. 


Positive cash flow on a cash purchase is very easy to achieve as you only have to cover expenses like property taxes, insurance, utilities, landscaping, rental management fees, and general maintenance.   It begins to get more difficult when trying to cash flow a 30A property with a mortgage, due to the debt service.


A very small percentage of properties on the Emerald Coast can offer positive cash flow with a standard 20 down loan;  however, it can be done.  Below are some tips on how to cash flow a 30A beach property with a mortgage and how to obtain the highest cap rate when paying cash. 


Destin to 30A Investment Properties - Important Info 




Condos are very hard to cash flow with a mortgage due to their high association fees;  however, there are a few high income generating beachfront condo properties that may offer positive cash flow or close, but most of these properties are on the higher end.  I have also seen positive cash flow on some smaller efficiency condos in the Sandestin Resort due to their popularity, low price, and low condo fees.   Also, please do your due diligence because many factors can affect the ability to cash flow like location, expenses, rental rating, quality of management and percentage charged for management.


Large homes often outperform condos due to their lower HOA fees, high demand, and high incomes.


For homes, the more bedrooms the better.   Avoid 3 bedroom homes and try for 5 bedrooms or more to hit that sweet spot.


Homes with pools have a higher probability of positive cash flow.  Homes with pools are in high demand and bring higher rental rates.


Proximity to the beach is critical.  For short term rentals, avoid homes North of Hwy 98. 


You will have a better opportunity for positive cash flow on the homes that are higher end.  


Self management is a deal changer.  Most management companies charge 20 to 25 to manage your property.  If you are able to manage your own property, your likelihood for positive cash flow increases dramatically.  Many of my customers utilize services like HomeAway, VRBO and AirBnb.  This is not ideal for most, but I have seen many pull it off.  The hardest parts are coordinating house keeping on the turn days and dealing with the maintenance issues that often arise.


Outside the Box - Long term rentals can often offer positive cash flow.  Our area has a shortage of long term rentals;  therefore, they are in high demand.  Long term rentals are much easier to self manage due to the lack of weekly rental turns.  If you do elect to hire a management company, they charge around 10 and this is less than short term management.  If you wish to enjoy your property, this option is not for you, but there are opportunities here and it is easy to cash flow the right long term rental with a mortgage.




The link below shows homes from 30A to Destin that should offer superior cash flow and higher cap rates.


30A and Destin Homes under 2 Million with at least 5 Beds and a Pool




 ]]> </description>
    <pubDate>Sat, 07 Nov 2020 21:48:00 -0600</pubDate>
</item>
    </channel>
</rss>