Emerald Island, Kissimmee, FL advice. Newbie STR Investor!

[Laura Jensen]

Hi, 

I am looking for advice on Emerald Island resort, STR property in Kissimmee, Fl. If anyone has experience with owning in that area or in that complex, I would love to hear your experience.

The place I am looking at is a 7 bedroom house for $250k. Do you think it's a cash flow positive market? First time investor so any inputs would be highly appreciated. Is it a good STR community to opt for? Any red flags I should see? Interested to know your experience and if its worth it.

[Keith Courtney]

Hi Laura -

I normally work with investors of vacation rentals in the Disney area, but recently I have helped some people sell some vacation homes - 2 in Emerald Island. I urge you to check into the reviews about the community and the HOA. I agree with Melissa's statement above that the amenities are outdated. I have heard a number of complaints about the HOA including they recently raised the capital contribution to join from $1500 to $3000.

One other suggestion I would make to you regarding buying a short term rental here - wait.  The rental market here is currently slow resulting in many owners losing money. More homes may come on the market in the next 2 months with some excellent buying opportunities coming up.  Once the COVID-19 situation calms down, I think our short term rental market will be better than ever because a lot of people who used to stay in the expensive Disney hotels will opt to stay in vacation rentals due to social distancing and they're cheaper. There is a lot more awareness now of vacation home rentals.

Keith