Need guidance on Orlando Airbnb Investment
22 Replies
Warren Mitchell
posted over 2 years ago
Looking for guidance on investing in airbnb property in Orlando. Live in Denver. Up to 500k but would be happy with smaller investment to put our toes in the water. Would love to here from investors who could give recommendations on agent selection. Open to different occupancies but would really like to find a traditional single family with a in-law suite to be used as an airbnb. Will be visiting in February and would like to have a solid direction by then if not earlier.
Jenny Morrison
Investor from Orlando, Florida
replied over 2 years ago
City of Orlando has just squashed all "entire home" Airbnbs in the city limits. Look for something outside of city limits. That said, it's a very saturated area with a lot of competition, but we've always been booked solid.
Rachel N.
from Orlando, Florida
replied over 2 years ago
Seconding what Jenny said - the city of Orlando has cracked down on this, and my sense has also been that the Airbnb market is saturated. I think you could look in Osceola County, though, as long as you're not too far away from the attractions.
Warren Mitchell
replied over 2 years ago
Thanks Jenny. Same thing is happening in Colorado. Looks like airbnb could be dead. I will check out Kissimmee.
Chris Grenier
Flipper/Rehabber from Orlando, FL
replied over 2 years ago
There is always good demand in the Conway / Airport Area for obvious reasons.
But with a budget of $500K, even $250-300K you can get a very nice single family in the Davenport / Kissimmee area for short term rentals / AirBnB. In that range you're looking around a 3-4 Bedroom / 3-4 Bathroom Pool Home Built 2005+
Keith Courtney
Real Estate Brokerage/Vacation Homes/Short Term Vacation Home Rental Marketing from Orlando, FL
replied over 2 years ago
Warren -
I can help you. I deal almost exclusively with short term rentals in the Kissimmee area near Disney World. I can send you pro forma statements and other helpful information. I'm going to private message you.
Keith
Peter Miranda
replied over 2 years ago
Hi Keith,
Could you please share this information with me as well.
Thanks
Pete
Travis Rasmussen
Realtor from Murrieta, CA
replied about 2 years ago
Awesome! It's a great area. I currently have two Airbnbs out there. What specifically do you want to learn?
Travis Rasmussen
Realtor from Murrieta, CA
replied about 2 years ago
Are you looking to get involved with this area as well?
Warren Mitchell
replied about 2 years ago
Foe those following. I have gone under contract on a home. Keith Courtney is serving as my agent. He has proven to be a good agent and of genuine character.