All Forum Posts by: Alice Horn

Posted May 10, 2024 02:30

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Carlos Valadez:

@Carlos Valadez if FL is one of your markets, bring all of your positive energy here to Orlando! If you want to learn about Airbnb, our market is ground zero. Happy to chat sometime!

1 Vote

Phoenix, Arizona

Post: Orlando STR-Recent Investors, seeing good returns?

Posted May 09, 2024 08:31

Property Manager
Kissimmee, FL
Posts 445
Votes 266

@Chris Rich this is very well stated. Needless to say, the market has shifted dramatically since 2022. Demand has gone down in Orlando (this is true for hotels also), but the travel industry is expecting an upward trend next year. There are also a lot of buying opportunities due to all the homeowners who bought in at the peak and now can't make the numbers work.

I think it's important to note the Orlando STR market is vast. In addition to the large, expensive themed properties, there are many other pockets of opportunity in specific parts of the Orlando/Disney market due to strategic location near attractions, the convention center, etc. It's impossible to generalize the entire market. Right now, we find that highly themed 5-6 bedrooms are performing particularly well, which is a departure form the 8,9,10 bedroom homes right after the pandemic. Overall, we are at 73% occupancy for all our homes and having a really smart dynamic pricing strategy is super important.

For Disney fans and families who would like to invest here, do your research, talk to locals, (everyone from across the country seems to have an opinion). Crunch the numbers, do your due diligence etc....but don't be afraid of investigating the Orlando market.

2 Votes

General Real Estate Investing

Post: Find a property with room to appreciate in value

Posted May 08, 2024 06:06

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Adam Bartomeo:

Lol! There is a reason Jacksonville is affordable... I would recommend exploring Orlando and the West coast. With lots of room these areas are growing rapidly with lots of appreciation.

In Orlando, you have the opportunity to drive appreciation by buying a poorly performing, underdecorated STR at and drive appreciation by transforming it to a highly themed, well decorated property which books well. Hold it a few years, collect the booking revenue and then sell based on the value with increased bookings. You can even enjoy it yourself a week or so every year :)

1 Vote

Jacksonville, Florida

Post: Orlando STR-Recent Investors, seeing good returns?

Posted May 07, 2024 04:08

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Robert Geibel:

Market continues to be hot. Supply exploded in STR since covid. Are there still good returns or too saturated?

I recently attended a Visit Orlando market outlook presentation and they emphasized that Orlando is still the most visited destination in the US. While demand has softened slightly this year, (due to cruising or overseas travel) the travel industry is confident that next year will be particularly strong due to the opening of Universal’s Epic Universe theme park and new Disney attractions. The new Brightline train from South Florida is another exciting development.

We have seen a lot of investors over the past few months take advantage of the much lower RE prices. In a saturated market with high traffic, the play is to create properties that are decorated and themed extremely well so they will pop out online. It’s also great to identify desirable locations within the resorts - homes with private views or near the clubhouse. The demand for top homes is always there, and the right product will perform.

2 Votes

Post: Which AirBNB estimator do you like the best?

Posted May 03, 2024 03:32

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Keith Davighi:

I'm trying to estimate airbnb revenue for a bunch of properties in the Orlando area. I've used AirDNA but I seem to have hit my limit. I've also used Awning but the data seems to change so I'm wondering if there is a tool that is accurate and reliable. I am also trying to collect as much as I can from the sellers but not everyone has great data which is why I'm trying to supplement with an online tool.

Where does the data come from when using AirDNA and Awning. Are they pulling it directly from the airbnb site? How reliable are these tools?

I'm willing to even pay for a subscription but AirDNA is pretty pricey.

Any help would be greatly appreciated. Thank you!

@Keith Davighi did you ever find what you were looking for in Orlando? We have had some pretty dramatic shifts in the past 9 months, both with RE prices, and with rates and occupancies. Curious how you made out.

0 Votes

Managing Your Property

Post: Property Management - What Do You Look For?

Posted May 03, 2024 03:17

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Spencer Abeyta:

A PM company needs to have expertise in the area that they service. You should be able to learn from them so this makes you a better investor.

They also need to be able to communicate in the form that you prefer, whether it be phone call, email, text, or online meeting.

Yes! Ask to see examples of the owner portal and any reports they use to communicate performance. Also, WHO will be the main point of contact? We have a dedicated Owner Ambassador who responds to owners. How quickly will they normally respond?

0 Votes

New Member Introductions

Post: Long-Term Rental Investor expanding portfolio to short-term rentals

Posted May 01, 2024 03:02

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Lolita J.:

Hello,

My husband and I have a portfolio of 40+ doors of long-term rentals. We are looking to expand our portfolio to include short term rentals and we are also looking to start real-estate development. I'm looking forward to learning more on this platform.

Welcome! If you haven’t already, follow and search keywords STR, short term rental, and Airbnb — you”ll receive an overwhelming amount of information. And should you be interested in the Orlando market for STRs, I am happy to chat.

0 Votes

Atlanta, Georgia

Post: STR in Austin / Miami

Posted April 29, 2024 02:37

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Alon A.:

Hey guys

What do you think in general for STR in both of this cities

I came back from Miami and what ever going on there it's crazy , I also like Austin area alot but I know more regulation for STR there , in general I think the rental market in Austin it's not good

Median rent is 2-3.3K and house pricing is 400-700K so it doesn’t worth for long term investment and cashflow , maybe only for appreciation. Unless I’m wrong.

I thought maybe to buy apartment in 400K range in Miami in some tower and make airbnb from this, I know there is huge competition but a lot of people always coming there for vacation

what is your thoughts ?

A bit on my self

I have 3 singles in Dallas Forth-Worth area & 1 single Tampa area

I sold 2 flips in Austin, TX

In DFW, I’m doing section 8 , I am getting properties with hard money loan , remodel them, and then re fi them for 30 years , I put around 45-65K for each property
I have 4 properties total that cash flowing $300, $500, $1000 (section 8) , $250 per month after all taxes, expenses , insurances , mortgages ..

But I want to cash flow more somehow in thousands

I’m happy to introduce you to some folks in Miami who are very familiar with the STR landscape there. Send me a DM with your email and I’ll introduce you to them.

0 Votes

Post: Summer Is Coming - Great Time For STR's ?

Posted April 26, 2024 11:19

Property Manager
Kissimmee, FL
Posts 445
Votes 266

Quote from @Danae Pitcher:

@Andrew Steffens That's interesting about spring training - we have that in Lakeland with my home state Detroit Tigers, but I don't think that really has much of an impact on us. @Alice Horn, what do you think?

Recently we actually had a guest who was part of spring training - he wanted his girlfriend to stay in one of our resorts, so she would have access to the amenities while he was off training. He didn't mind the short commute. That is an exception though - most of our sports related stays are driven by ESPN all year, including the summer months. We are fortunate to have so many events and attractions which do balance out Disney and the other theme parks.

2 Votes