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The Breakers of Fort Walton Beach

by Jim Gilliland

 

Anybody who knows me knows I LOOOOVVE The Breakers of Fort Walton Beach. Any given Saturday, if Alabama football isn’t on, you can find me on the beach at The Breakers. The units are spacious. The property has some of the best pools on the island. There’s a fantastic gulf-side grilling area. These are grills you actually want to use, not those dirty grills tucked away in a parking garage or next to the dumpster like at a lot of other rentals. The Breakers has an in-house 24 hour front desk, so if there is ever a problem, help is right there! Among the amenities are a very nice fitness facility (I’m in there every morning!), shuffleboard, and a really nice party room. The Breakers of Fort Walton Beach is my favorite property on Okaloosa Island.  I’m not alone in feeling that way either; according to TripAdvisor, The Breakers of Fort Walton Beach is the # 1 property in the Fort Walton Beach Specialty Lodging Category – beating out Waterscape, Destin West, and every other condo on the Island!

 

I have sold more units in there than any other agent. I know that property better than anybody else in town. The developer even calls me with questions about the property! If you are interested in buying or selling a unit at The Breakers, give me a call! I can answer any question you may have about The Breakers! Check out their website here: https://www.breakersfwb.com/ 

 

 

Thinking about buying a vacation rental?

by Jim Gilliland

Hello Internet! We’re going to get the blog rolling again here at RE/MAX Gulf Coast Realty. With a combined 154 years of Real Estate experience, we have lots to say, so let’s jump in!

Today we’re going to talk about vacation rentals. Specifically, things to consider when purchasing a second home that you plan to rent out.  If you are in the market for a vacation home that you expect will pay for itself on the rental market, there are several things that you need to think about. Below are just a few:

Location – The old adage “location, location, location” has stuck around for a reason. You’ll be visiting your vacation property yourself from time to time, so make sure you love the location.

Some communities and properties have restrictions on short term rentals, so make sure to thoroughly check that out. For example, Bella Riva – a beautiful complex on Okaloosa Island – will only allow rentals that are 7 nights with a Saturday to Saturday stay. And did you know that if you own a house on the north side of Santa Rosa Boulevard on the Island, that you can’t rent your property for stays of less than a month? Make sure to do your research on rental restrictions!

Price vs Cash Flow – The sale price is only part of what you’ll need to spend. There will most likely be a monthly HOA fee, utilities, advertising costs, fees to have the property cleaned between renters, added insurance costs…and the list goes on! Make sure you have accounted for everything when you consider the price.

It’s also important to be realistic in your expectations for rental income. Take into account slow seasons and periods of time where your property could sit unoccupied.

Personal Use – How do you intend to use the property? This goes back to what I mentioned about location. Make sure you love the location! Also, a one-bedroom unit might have a great ROI, but if you’re a family of 6, it might not be the best move. Return on your investment is good, but only one aspect of the whole thing. Consider how you intend to use the property yourself.

Just a few thoughts! We’re going to be updating the blog more regularly, so check back with us in a few days!

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Jim Gilliland
RE/MAX Gulf Coast Realty
158 Eglin Parkway
Fort Walton Beach FL 32548
Office: (850)243-2220
After Hours: (850)864-7459
Fax: (850)664-6068