All Forum Posts by: Tyler Maragh

@Mike Lambert It definitely isn't too far to market as a vacation rental for tourists, but you would be looking at weekly rentals for foreign families in that area. There are a number of people currently doing so in Davenport, and it doesn't seem to be slowing down as the city is developed further. I couldn't say if that option or long term rentals would be more profitable, depends on price, but I do know of a few people who own long term rentals and are very satisfied with their returns. If it were me investing, I would look for vacation rentals in the Celebration market (more flexibility on rental length and more stability), and I would go for long term rentals in davenport (taking advantage of lower home prices). Davenport and the connecting Champions Gate area are growing rapidly, so you have a potential exit strategy 10 years down the line when home prices in the area have increased. Hope this all helps!

Hey everyone, I have lists of buyers and properties within that range. Anyone looking for either, please reach out. I can shed some light and hopefully help you in any situations you might have.

Just like any industry, you find better cap rates/returns in different markets. With that being said, a 7 Cap hotel better be fully renovated and running amazing operational margins in the South East part of the United States. I list 10+ Caps on a regular basis. If anyone has questions about the industry, scenario questions, etc. please reach out to me. I'd love to clarify and make sure you have all of the right information.

@Pete T. I'm an active agent in the hospitality industry. PM me and we can set up a time to talk, I'd love to answer any questions you might have about hotels.

@Lauren Daly my partner was heavily involved in condo conversions a few years ago, and I have a good knowledge of the process as well. Reach out and we can talk about some options you might have moving forward!

@Ryan Keenan Smart choice to stay away from condotels, especially in the Central Florida market. Building costs are high compared to the returns available in the "Disney"/Orlando market and existing properties come with all the issues listed by @Daniel Karbownik (all of which are only increased by the oversaturation of these types of properties in the area). As for vacation homes, demand is down due to a decrease in travelers over the past year, BUT, with Disney rolling out 3 of the company's largest expansions in the next 18 months, there should certainly be a significant increase in demand. If you're looking into vacation homes, I would suggest the Davenport and Celebration areas that surround the theme parks. Both areas are being developed and offer better valuation for residential real estate. If you have any interest in how non-condo hotels are currently doing in this market, feel free to reach out, I live in Orlando and work this market daily.