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Updated over 3 years ago on . Most recent reply

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13
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Tony Rice
  • Contractor
  • Port Saint Lucie, FL
5
Votes |
13
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Short term rental Airbnb Orlando

Tony Rice
  • Contractor
  • Port Saint Lucie, FL
Posted

Looking at property in Orlando. Its a converted hotel they are selling each room. Staff manages the building and property (checks guest in & out). Question is I’m looking to use it as a Airbnb, would there anything I should be concerned with?

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1,080
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852
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Shawn McCormick
  • Realtor
  • Orlando, FL
852
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1,080
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Shawn McCormick
  • Realtor
  • Orlando, FL
Replied

@Tony Rice Jason and Mike are likely correct, this is a condo-hotel and there are dozens for sale that people got hooked into buying and realized you can't really make money on them as they dictate management fees, HOA costs etc. They are the modern time share that nobody wants. I would run away! If you budget is the issue with wanting a small condo, there are a couple communities near Disney that do well. They still aren't great money makers, but will pay for themselves as long as you don't use it yourself too much. Townhomes are better yet, but single family in a resort style community that is highly amenitized should be the goal if you want to capitalize on the theme park business.

Good Luck!

  • Shawn McCormick
  • Loading replies...