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Daytona Beach Shores : Real Estate Advice

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Activity 59
Tue Mar 24, 2015
Louis Wolfson answered:
not that easy. Is it allowed by the current zoning? What rooms will that consist of kitchen and bath rooms are more than bed rooms? Materials have a broad range of costs ie' carpet vs hardwood, level of windows Pella, Anderson etc? Roof material. Sub zero vs GE appliance, AC, roof materials

cost range from 125 to 300 sq ft depending on answers to above questions.
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Sun Jan 25, 2015
JudynDennis Allen asked:
This question was asked from http://www.trulia.com/property/3186422268-2301-S-Atlantic-Ave-103-Daytona-Beach-Shores-FL-32118
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Wed Nov 19, 2014
Byron Hebert answered:
Sure most rental properties would be glad to have you continue a lease each year, the only exception to this would be condotel type properties, and if you became a bad tenant then the landlord may choose not to renew your lease. ... more
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Wed Nov 19, 2014
Byron Hebert answered:
It really depends on what you are looking for. At the end of the year most Condotel properties end up breaking even, and if they do earn a positive income typically it is rather small. Its not as rosy of a deal as it may seem at first once all the fees and charges are applied to your account. If you are ok with not making money off the property and enjoy visiting at least 2 weeks or more a year then it can be a great deal since you always have your same unit to stay in each time you visit Daytona Beach. Condotels are the easiest way hands down to own a vacation property, but also the least profitable.

Your best bet for investment is to buy a condo that can be rented short term and use it as a vacation rental.
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Sat Oct 18, 2014
Alvin King answered:
The state of Florida has a 15 day requirement, which is very good for the renter. Most states require a 30 day notice. Good Luck!
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Thu Oct 16, 2014
Harry Ashley answered:
All avaiable Daytona beach area condos at:

http://www.daytonabeachflcondosforsale.com/

Regards


Harry Ashley
Ashley Real Estate
386-931-6054
harry@harryashley.com
0 votes 5 answers Share Flag
Thu Mar 27, 2014
Byron Hebert answered:
These are not true condos, They are called Condotels. Its basically a hotel that lets you buy units and then they charge you a maintenance fee each month and they rent the unit out for you. The issue with these is the high expenses, many times you are responsible for upgrading the unit to meet the hotels standards which may mean new beds, furniture , decorations, TVs and such as the hotel determines necessary. This could be every 3-5 years. The hotel then also charges you a portion of the rent that is earned from your unit being in there rental pool. So these typically seem like a low cost way to buy a place on the beach but in the end they usually end up costing you more than you expected.

This Building is called the Hawaii Inn and there are 13 units for sale in it ranging from 35K to 159K, monthly fees range from $450-600.

These are a few notches above timeshare basically, feel free to contact me directly about any other questions you may have in the Daytona Beach area. I have been a Daytona Beach local since 1984 and can guide you to the perfect property.
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Wed Mar 12, 2014
Horizon International answered:
Ed, According to the property appraisor's records it sold for $26,970.00 and in 11/2009 it sold for
$18000. You might be interesteds to know that in 8/2004 it sold for $60,000.00. I did not see anything in the Property Appraisor's records for a sale in 2010.
Daytona went in to a period of decline in property values for a while. It has now turned that around due in large part to the resurgence of Nascar, the Bike Weeks that attract hundreds of thousands of attendees and now with the coming of the Hard Rock Hotel on the Ocean and the possible addition of additional Hard Rock facilities it is really taking off. From what I have seen property values are projected to increase in the 8-10 percent range this year.
Jim Barbour Broker/Owner Horizon International Real Estate
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Wed Mar 12, 2014
Byron Hebert answered:
Hello Rajan,

There are currently 7 units for sale in Peck Plaza listed from 199K to 649K. Rentals are allowed weekly and there is a no pet policy. It is an HOA managed condo so the HOA does have to approve all buyers, but that is typically not an issue. Rental demand in Daytona Beach is seasonal and largely depends on the marketing you do to rent the unit out. Investors that do aggressive marketing themselves and follow the pricing trends in Daytona Beach during the year can be highly successful. If you you prefer a hands off approach then you will needs a skilled Daytona Beach local to handle the process for you. The least profitable way would be to rent the unit out yourself and do minimal promotion and not follow the pricing trends of Daytona Beach. Condos for rent are in popular demand but they have to be marketed correctly and priced right.

Contact me and I can send you a list of condos in the Daytona Beach area that fit your needs and would make great rentals. I am a Realtor and also a real estate investor so I can guide you through the entire process and help you buy the perfect condo to use as a rental. I can even give you advise on how to rent it out and manage it. i have been a Daytona Beach area local since 1984, put my knowledge of the area to work for you.

J Byron Hebert
321-296-8000 direct line
EXIT Real Estate Property Solutions
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Mon Mar 3, 2014
Byron Hebert answered:
The Oceans five condo allows a minimum rental of 2 months, so depending on what you consider short term this may or may not work for you. The Daytona Beach area does offer a strong market for vacation and short term rentals. Each building association sets its own rules regarding rental periods, you can find buildings that offer nightly rentals to buildings that require 1 year rentals, and everything in-between. There is no right or wrong answer on the perfect length of rentals required however if you choose a building that offers weekly rentals it gives you the flexibility to rent to more short term visitors vs people staying for a month at a time. If you are strongly considering the Daytona Beach market for a investment condo I would be happy to help you in your search. Feel free to call or email me. Byron Hebert 321-296-8000 EXIT Real Estate Property Solutions. ... more
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Wed Feb 12, 2014
Joe Mcguire answered:
There are a lot of condos that rent short term and the condo doc's will always answer that for you. Having a unit as a hotel is hard on the rest of the building as rules are hard to follow for short term renters. Pets can be a problem as well as most condo associations put a weight restriction on the pet and 20 lbs is typical. Most associations also require pets to be in a cart or held in the building and elevators. Always check with the seller or agent for that info. ... more
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Wed Feb 12, 2014
Joe Mcguire answered:
Most home owner insurance on condos is around $1100.00 assuming you have approx. $75,000 in coverage on personal items. Flood insurance is also part of the monthly assessment fees, although owners should and do cover hurricane insurance on the personal unit as well.. First floor units are hard to get coverage due to its elevation, so always check first before buying a ground floor unit. ... more
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Wed Feb 5, 2014
pmsjax answered:
www.sunglowresort.info is the official web site of Sunglow Resort owners association. Front Desk 386-756-6725. Rentals are booked by owners or rental agents, not the Front Desk.

www.sunglowresort.com is website of an outside rental agent who rents some units at Sunglow Resort. This site is not managed by the Association.


Pat Sinclair,
President, Sunglow Resort Condominium Association, Inc.
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Fri Jan 31, 2014
Robin.successisinyourpalm answered:
I have a condo available in Daytona Beach Shores with low dues 561-371-1883 and low price looking for cash deal quickly.
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Wed Jan 29, 2014
greetthedaysmiling asked:
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