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.
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.
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.
Thanks Jenny. Same thing is happening in Colorado. Looks like airbnb could be dead. I will check out Kissimmee.
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+
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.
Could you please share this information with me as well.
Awesome! It's a great area. I currently have two Airbnbs out there. What specifically do you want to learn?
Are you looking to get involved with this area as well?
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.