Short Term Rental - Orlando

[Brian Spink]

Looking to possibly buy a short term rental near Orlando.  Possibly Windsor Hills or other short term rental friendly vacation properties nearby.  I'm thinking condo or townhouse in the 3-5 bedroom range.  I'm thinking I want to hire property management to handle everything.  Anyone willing to connect and share experiences?  General numbers?

[Tyler Gibson]

@Brian Mahan The city of Orlando requires you to register and have an inspection before you can rent. Additionally STR must be owner occupied and you can not rent more than half the rooms in the property. This makes STR not really work in the City or Orlando. You will want to be in Osceola County or Polk county they are STR friendly.

As for general number it is hard to provide those as there are many different factors and ranges. One thing to keep in mind is that management fees range from 18%-25% so that might kill your cashflow.