Short term rental orlando versus Nashville
I want to purchase a SFH (single family home) for short term rental, I am hesitating between Nashville and Orlando.
Which market is better for cash-flow (cash on cash return) , house affordability and/or appreciation?
I already have a SFH for long term rental in Orlando.
Thank you.
Most Popular Reply
@Armel Bemmo Although I lived in Nashville many years ago, can't speak to it today. I have been in Orlando for 18 years and have many clients that do well in the STR space here. There are some things to consider though.
1. If you buy and ordinary property in a so so community, the competition will basically dictate your nightly rate and you will cap out.
2. If you buy too much house and don't know how to manage everything properly, you may wind up with bad reviews and hurt yourself. Also if you buy too big, and it takes you awhile to ramp up your bookings, you may get frustrated and not be able to cover your expenses.
3. If you buy a good house in the right community that has great amenities and location to Disney and invest to make it stand out (theming), hire great cleaners and stay involved with your guests, you can do well.
That being said, this is a big market for STR and so many do very well and so many others just get lost in the shuffle. Orlando is made for this year round with so many other things besides Disney. Happy to discuss further or answer specific questions if you have them.
Best of luck to you!