STR questions in Orlando

[Rachit Puri]

Hello, 

I have started looking for some STR properties in Oralando specifically the Kissimmee area. I'm working with the Short term shop agent and so far like it. I have a couple of questions for folks who have already invested in STR in Orlando.

1. How easy is it to manage STR remotely? Property management company charges 20-25% which I think will eat my profit. Managing by myself could be challenging but if someone has done it, I would love to connect and know the challenges.

2. When you bought an STR was it already furnished? A lot of deals that I see are already furnished.

3. If the previous owner has listed the STR on Airbnb, did you get to keep the reviews and listing as it or would you need to start again from scratch?

4. If my STR strategy does not work for some reason, possible to rent it long-term? I'm not sure about the long-term cash flow in the resort community in Orlando.

5. Is Kissimmee already very saturated or still hot? I can research other areas as well where there is less competition and still decent demand. I live in Seattle so it doesn't matter to me if it's Orlando or Miami. All I'm looking for is the numbers that make sense.

My budget is around 450k. For Orlando STR people say the bigger the better so would look for 4+ bedrooms.

Thanks,

Rachit