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Orlando investment property
Posted on 4/14/18 at 11:36 am
Posted on 4/14/18 at 11:36 am
Does anyone have experience with a sfh as a short term rental in the Disney/Universal area?
3
Posted on 4/15/18 at 7:21 am to mandevilletiger34
This might be my next vacation rental, but I haven't done any real research. My initial thought is Disney provides more days of rent than most places
Posted on 4/15/18 at 5:46 pm to Rust Cohle
It's Disney. I'm sure there is no shortage of fat people wanting to go
Posted on 4/16/18 at 8:47 am to Rust Cohle
quote:
Gotta be too saturated?
When we went this spring I was told they have 35,000 units on property. Plus they are adding that new Star Wars themed resort so that could easily bump it to 40,000+ rooms.
Posted on 4/16/18 at 8:57 am to mandevilletiger34
No experience in Orlando specifically. I'd make sure you look very closely at the rules regarding AirBNB with zoning, taxes, etc. You don't want to buy a property hoping for a great return via STR then the local government ban AirBNB and you're left holding the bag. Some local areas require special licenses to do AirBNB. Also, management fees for STR are significantly higher than regular SFR. More in line with beach condos I'd imagine.
Posted on 4/16/18 at 9:38 am to mandevilletiger34
Any investment property is only a good investment if the purchase price is right. I've stayed in multiple rentals off site, a couple houses. I would not recommend buying an investment property from a realtor unless it's a foreclosure or otherwise a great deal and I mean great. There are people that do nothing but look for investment properties in any area, if they could rent them out for a good return the place would be bought already.
As said their HOAs and zoning allow it in certain places, you have to double check this. There are some newer neighborhoods ive seen on vrbo that are geared to specifically short term rentals. I've seen townhomes on vrbo/ Airbnb that each have individual pools and there are like 10-20 of them rented out.
Your rental season is all year, so that's good it's not really seasonal. Most decent ones online seem to stay pretty rented out.
I'd try to find a 4+ bedroom, those are more rare to actually short term rent over a 2-3 bedroom.
But if you aren't going to use the property a lot, I wouldn't recommend it. Too much hassle for the return.
As said their HOAs and zoning allow it in certain places, you have to double check this. There are some newer neighborhoods ive seen on vrbo that are geared to specifically short term rentals. I've seen townhomes on vrbo/ Airbnb that each have individual pools and there are like 10-20 of them rented out.
Your rental season is all year, so that's good it's not really seasonal. Most decent ones online seem to stay pretty rented out.
I'd try to find a 4+ bedroom, those are more rare to actually short term rent over a 2-3 bedroom.
But if you aren't going to use the property a lot, I wouldn't recommend it. Too much hassle for the return.
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