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Updated over 2 years ago,
Are you Orlando STR folks making good cash flow?
Hi folks,
So I'm just continuing down the rabbit hole (research, analysis, etc) and doing some preliminary numbers checks on AirBNB and VRBO, leave me wondering if any of you owners in this market are actually making good money here?
Just plugging in a week stay sometime in October, most places are coming up less than $100 a night (literally $75 in some cases) for 3 and 4 bedroom places. VRBO's numbers are only slightly higher, but almost none of them were showing good enough numbers to cover a mortgage, insurance, hoa's, fee's, blah blah blah for a beginner like me.
I mean, I'm hearing people talk about clearing thousands of dollars a month (some in this area) and I'm trying to figure out how when at the numbers above, I'd barely be breaking even (if that).
Am I looking at this incorrectly or did I miss something big?
Steve