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Updated over 2 years ago, 08/17/2022
Questions re STR around Orlando, FL
Hi all, I am looking to get an STR property in Kissimmee/ Davenport (Orlando area) and had a few questions:
1. What is the most reliable zoning resource for properties where STR is allowed or what is the best way to confirm if a property on market is STR approved during the screening process?
2. It seems most of the properties have HOA, even though a single-family home. I worry about HOA changing STR rules or having restrictions on renovations etc.
3. What is the best way to get a sense for the Average daily rates/ annual income from the STR property? Wonder how reliable are AirDNA and Rabbu?
4. It seems the market is pretty saturated in Orlando, FL. Any ideas on how to increase the Cash on cash for STRs there?
Appreciate any thoughts.