Advise on Purchasing my first STR in Kissimmee Florida

[Trevor McCormick]

Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.

1)Is it still a good investment with the current prices?

2) how to get started and what property management company to choose?

[Josh Green]

Quote from @Trevor McCormick:

Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.

1)Is it still a good investment with the current prices?

2) how to get started and what property management company to choose?

The price you pay for being part of the Disney World spoon-feed of guests is that the barrier to entry for profitable STRs (ones that leverage close to or max LTV) is very, very high.

The benefits of Kissimmee for a newbie is analyzing property potential is very easy - you will have a ton of carbon-copy comps to look at and the online estimators like Airdna can actually be pretty accurate.  The con?  The majority of investments is a game of "race to the bottom" and "who holds the cheaper debt" card. 

To have a successful STR I HIGHLY recommend listening to this episode of a podcast: https://podcasts.apple.com/us/podcast/on-the-market/id161508...

Once you listen to this, and any highly involved STR operator will agree, you will find a lot of the fundamentals are lacking in Kissimmee or you have to have deep pockets to hit those.

I won't spoil the episode, but if you listen to it (and anyone out there that does) feel free to DM me afterward and I'd be happy to talk details tailored to your situation on if you're on the right path or maybe I can help.