In this episode of the STR Data Lab, Jamie Lane sits down with Nikkei Rosenberg, a real estate agent from Savvy Realty, discussing the importance of finding the right real estate agent for short-term rental investments. Nikkei shares her extensive background in vacation rental management, starting from a young age in St. Augustine, Florida. She highlights her journey, including her roles at Vacasa and building a property management company. 

Nikkei emphasizes the importance of understanding local regulations and having a strong network of vendors. She offers advice on how to identify competent real estate agents and stresses the necessity of thorough due diligence, including generating accurate income projections and understanding all operational expenses. Nikkei addresses the challenges in the North Florida market, such as higher interest rates and insurance costs, but highlights the opportunities that exist for savvy investors. She talks about the importance of property setup and the meaningful impact of unique branding and high-quality amenities. Nikkei sees current market conditions as an opportunity for those willing to put in the work and adapt to the evolving market dynamics. 

She encourages potential investors to not be deterred by high interest rates and to focus on the long-term benefits, including potential future refinancing opportunities. Nikkei emphasizes the importance of surrounding oneself with a knowledgeable team and being prepared for the complexities of short-term rental investments. She concludes by offering her availability for consultations and encouraging aspiring investors to pursue their vision and not be afraid of failure. The episode ends with a call to action for listeners to connect with Nikkei through various social media platforms for more insights and to stay updated on new deals.

You don’t want to miss this episode!

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Episode 115