Condotel near Disney in Orlando - please share any experiences

[Raj Konda]

I m primarily a SFR investor and stumbled upon Condotel in Orlando, 5 mins to Disney. It is a new construction condos next to Margaritaville. The breakeven is at 60% occupancy. Trying to learn more about this investment strategy, mainly any pitfalls I should be aware of. Purely looking from an investment standpoint and not planning to use it for vacation purposes any time soon.

Appreciate your feedback/experiences. 

[Jay Breitlow]

Hi Raj!

Congrats on wading into the STR water. Couple questions to consider: The breakeven at 60% occupancy - at what average ADR? Does that take seasons into account? the good (xmas/july) and the bad (Sept)? Have u spoke to the HOA/on site PM? If you are, are you comfortable with their rules, minimums, regulations and limitations (if there are any).

Tax remittance in Osceola county, are you comfortable and familiar with them and their process? Does the HOA have a CDDN fee? How does the condo work the improvements? Can u use own vendors?

Just a couple to consider.  Very familiar with M'ville and their limitations.  And most condotels are the similar but not all.  GO GET EM! 😁