Looking to possibly buy a short term rental near Orlando. Possibly Windsor Hills or other short term rental friendly vacation properties nearby. I'm thinking condo or townhouse in the 3-5 bedroom range. I'm thinking I want to hire property management to handle everything. Anyone willing to connect and share experiences? General numbers?
@Brian Mahan The city of Orlando requires you to register and have an inspection before you can rent. Additionally STR must be owner occupied and you can not rent more than half the rooms in the property. This makes STR not really work in the City or Orlando. You will want to be in Osceola County or Polk county they are STR friendly.
As for general number it is hard to provide those as there are many different factors and ranges. One thing to keep in mind is that management fees range from 18%-25% so that might kill your cashflow.
Thank you for the info. I'm looking into places similar Windsor Hills resorts where short term rentals are allowed and were actually built for the short term market. Hopefully they provide a more promising cash flow than the city of Orlando. Anyone willing to DM and share experiences?
@Brian Spink Hi Brian, I own a STR in Windsor Hills and am happy to share my experience. I sent you a DM.