Insist with Kissimmee short term rental or long term in Orlando

[Wayne Fung]

Hey guys, wishing all the best during this crazy period, but it is a good time to settle down to rethink all the past.

One year ago, I invest a single-family house for short-term rental has 6 bedrooms in Emerald Island, Kissimmee, with a one-year growth, I almost got a full booking calendar in Airbnb, but still receive negative cash flow almost every month after that, right now I really hesitate to still insist with short term rental or just switch to Long term rental in Orlando metro area. 

1. for property management is the 10% commission, but the manager will charge extra $25 per hour for almost everything needed for traveling(like swap light bulb), so might produce150 bucks every month extra besides the commission

2. The real big-ticket is maintenance and some upgrade, add a spa heat switch cost $1300, turn garage into home theater cost $2000

3. Almost 600 electricity bill and 200 water bill, also the 400 management fee

4. of course it is growing so many competitors in this area recently, almost everybody doing short term rental right now. Also, short term rental is unstable, especially face the national disaster like right now 

So even I have a good calendar for booking, but the high expense and instability might smother all the profit in the future, so I really looking forward to listening all the opinion from all our friends, if I should adjust the management to lower expense and insist with the short term rental, or just switching to much more carefree long term rental in Orlando area, thank you very much.