Anyone Have an airBnB in Central Florida?

Question

Does anybody own an airBNB in Central Florida who could share their recent history with it? I would really like to get into STR at some point with one of my next houses, but now does not seem like the right time.

I would be very interested to know how you are doing if you own one or more, and if your strategy has changed at all during the COVID situation. Maybe a price decrease or a lower cleaning fee?

I ask because I have a rental property in a development where I know the house across from me is a STR. Lately I have seen people in it everyday.

-Matt

Alice Horn · Answer

@Javan Ross sorry about the delay. Absolutely!  We can help you, and we can also help with referrals. Just sent you a connection request so we can easily keep in touch.

Alice Horn · Answer

Hi Matt!

Thanks for the kind words! We are strictly property managers and marketers. We have a F/T revenue manager who stays focused on occupancy and revenue. That helps!

It will be interesting to see what happens with the market! So far, so good. All eyes are on Disney and the reopening yesterday. So far response from visitors is positive - they are having a great time and feeling safe.

Alice

Matt Nico · Answer

@Alice Horn

This is great news, and thank you for the reply!!! Yeah i figured my numbers were a bit low but id rather be conservative. Even with those numbers i plugged in it looks like ill be at over $1,000/month in cash flow after everything.

What are the averages you are getting per night? I am fully remodeling this place to look like a farmhouse style so im hoping i could go over $150 once i establish the home. Ill message you personally when i have some photos

-Matt

Alice Horn · Answer

Hi @Matt Nico!  Good to hear from you. We are actually receiving an unprecedented number of bookings, and rates are inching up steadily as well. Depending on the location and condition of the home the 75% occupancy is more than achievable, and the stated rates may actually be on the low side. PM me the address and we will let you know.

Matt Nico · Answer

Hi Alice,

I know this is an old thread, but would you mind giving an update on how your STR homes are doing in the Davenport / Kissimmee area in terms of pricing and especially occupancy? I am renovating a home right now and I think I am finally going to take the plunge and do this one as a short term rental rather than long term like I have been doing.

I'm doing a lot of research on occupancy and what my rate should be and I think it is going to work out incredibly well. I'm looking at somewhere between $130-$150 per night for a 5 bed home with a pool and hot tub. I'm plugging in 75% occupancy which seems conservative. Your thoughts?

-Matt

Matt Nico · Answer

@Carlos H DeOliveira

Thats the development off Old lake wilson and osceola polk line road right? I actually was checking out an MLS listing in there the other day. I own in the next development over. Small world.

Carlos H DeOliveira · Answer

@Matt Nico

I own 3 homes at Lake Wilson Preserve, where are you?

Yes I live in Rhode Island, and this is a long distance investment for me, but I do everything other than the things that need to be done locally.

Matt Nico · Answer

Carlos,

That's sweet. Thanks for sharing. Where in Davenport are you? I'm willing to bet we have properties within 5 minutes of each other. Providence? Reunion? Championsgate?

I see you are from Rhode Island. I guess you do out of state investing then?

Carlos H DeOliveira · Answer

@Matt Nico - I have 3 STR in Davenport FL, my occupancy rate between all properties is 88% for July, 87% in August (still have time to rent), at about 70% for September already. My nightly rate average is 4% higher than last year.

The biggest change for me since COVID has been an increased number of cancellations, 100% domestic guests versus a large amount of international guests, and due to COVID guests stay inside the house much more than they used to so I've been having a lot more wear and tear issues than I used to.

My nightly rate is about $14/night higher than houses in the area

Javan Ross · Answer

@Alice Horn how are you? Would you know anyone who can help me find locations I can use for STR ?

Anyone Have an airBnB in Central Florida?

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