Does or has anyone done STR’s in this area?

[Steven Gore]

I am thinking about possibly buying a home some where in Orlando/ Kissimmee area as a STR. My price range is $400-$550k. Just wondering if anyone can share there experience doing this. What are you charging per night? What is your occupancy %? How much is your home?

I was hoping to rent out the home for $250-$300 per night. I am looking at 3-4 bedrooms. And possibly in one of those gated communities that have many amenities. Maybe one that also has a golf course.

Any advice would be a huge help.

[Duane Richards]

Hi @Steven Gore, I am a remote investor with an STR in Kissimmee. In fact, @Shawn McCormick in this thread was an amazing person to work with to finalize our first remote/STR purchase. We started looking at 3-4 bedrooms due to the price point, but we found occupancy rates on data sites like Airdna.co showed < 40% for the smaller units (we purchased the Kissimmee data as part of our research on that site - totally worth the $50 before making a $700k+ purchase). So even with higher nightly rates, the cost of ownership (HOA, Utilities, etc.) was just too high unless you could push 70-80% occupancy, which is nearly impossible with the # of units in competition. With Shawn's help, we moved towards a better product and purchased a 9-bed, 6-bath home in Windsor at Westside. We are nearing a year of ownership, and with the help of some great property managers, we are renting out on average 20-24 nights a month, the busier summer months making up for the slower off-season ones. Our biggest problem now is finding time on our calendar to use our own property for our family vacations. You can see our listing here: https://www.airbnb.com/rooms/5...

Let me know if you have any questions!