All Forum Posts by: Mike Shulman

I would recommend Indian rocks Beach. They are str friendly. siesta Key only allowed it in a small area right on the tip of the key. You can make money in both locations. 

I feel the decor, presentation , and view are more important than the community if they are both close to Disney and have similar amenities. When people shop on Airbnb they look at the features of the home, not what community it's in. Most don't know the difference.

Think about it. You are doing research to make a large purchase and you still can't decide. Do you think a guest staying for 4 days will look into it as deeply as you, or will the pick the cutest house that meets there needs and budget and not even know the difference in community's.

Isle of Palm is extremely expensive and there is nothing for sale for the last year.

Airdna has some data on this but it's not that accurate. Id use it as a starting point and then talk to the city to verify.

The property manager I use in Orlando changed 20%. They are a mid sized organization and do a great job. I don't care for the big companies but I want a professional organizations. 

I currently have a quad plex and logistically it would be a nightmare to get them to line up. I'm booked almost full all the time so you don't really see the need to try to accomplish this. Others are saying you could rent it for more money but I don't agree with that. Consumers are smart and will see your listing could have been split, and if they could have gotten them separately at less money they will get angry and give you a bad review. If anything I would see it going the other way where people would want a better deal for renting both. I guess if you set the five bedroom listing up booking 6 months out and the individual duplex units only booking 3 months out you could probably accomplish this, but I would expect some logistical headaches. 

Data rabbu is another good site to get projected monthly revenue. 

I run my business through a LLC and the property is owned in my personal name.

A third option for you would be to do a house hack and Airbnb the rented portion. In the city of Orlando that is allowed as long as you live on site and you're renting less than half the property. Could be a great hybrid for you. Just out of curiosity, what area are you thinking of doing your short-term rental? I'm in Central Florida and run six of them so I'm pretty familiar with the market. 

In Central Florida I'm seeing numbers between 10% and 15% coc return.