390: Inflation, Florida Short-Term and Long-Term Income Property
About this episode
"Inflation is legalized counterfeiting. Counterfeiting is criminalized inflation." -Robert Breedlove
When wages don't keep pace with inflation, I explain why it destroys families.
We compare short-term (STR) and long-term rental (LTR) property in southwest Florida. Get started with buying properties yourself at: https://gremarketplace.com/SouthwestFlorida
Of course, Florida is an in-migration hotbed. Home price appreciation and rents are both 10%-20%+ year-over-year.
Today's LTR tenants seek: infill lots, more square footage, an extra bedroom / den, and grocery store proximity.
STR tenants want a pool. You really make your money November through April.
LTRs have more recession resistance than STRs. LTRs have more predictable, year-round income.
STRs often have $4,000-$5,000 a week of rent income. They have a 20% management fee. You can charge the tenants a cleaning fee. You owe utility costs and ~$100 monthly yard maintenance.
Single-family rental properties are 1,500-1,900 sf on a ¼ acre lot, LVP flooring, granite countertops, stainless steel appliances, 9'4" ceilings, and concrete block exterior walls.
Pricing is in the low $300Ks to low $400Ks. Long-term rents are $2,000-$2,400 / month.
To get started with buying single-family homes and duplexes (long-term and short-term rentals) in southwest Florida, start at: https://GREmarketplace.com/SouthwestFlorida
Resources mentioned:
Get started with SW Florida long-term and short-term rentals:
https://GREmarketplace.com/SouthwestFlorida
Show Notes:
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