Investor · Kissimmee, FL · Member since 2020 · 121 posts · 35 votes
Investment Info:
Condo buy & hold investment in Kissimmee.
Purchase price: $189,000 Cash invested: $50,000
Short term rental 5 minutes from Walt Disney World entrance.
What made you interested in investing in this type of deal?
#1 vacation destination and 5 minutes from Disney.
How did you find this deal and how did you negotiate it?
MLS search
Lessons learned? Challenges?
Due your due diligence prior to hiring a property manager. I fired the first 3 PM's I ever hired.
But got it right with their replacements. Don't hire the ones that sell themselves really well unless they can prove their quality control and communications are on point.
I have a 5 bed in Windsor Hills, also 5 minutes from Disney. It's been fun to own. Would like to see my 2023 booking pick up though.
Hi Kyle! I actually bought it almost 2 years ago. Lived in it a year. Then I left and put it with the local itrip franchise for 6 months. They were impressive selling me. But their marketing, bookings and quality control was horrible. So I fired them 3 months ago and moved back in it. I’m running the Embassy Suites condo hotel project. As soon as it is sold out I will move away and put it back into str. This time I’ll be smarter finding a great PM.