Furnished units downtown Orlando
Hi everyone! With the rental market being soft right now, I am evaluating whether it makes sense to rent out a one bedroom apartment (College Park) furnished or unfurnished on a short term (at least) month to month basis (for example, renting to raveling nurses). I have never rented out a furnished unit in Orlando, and do not know whether there is a current demand and how strong it is. If anyone has any info they can share (vacancy rates, rental value, etc), I would greatly appreciate it! Thank you.
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@Christine Zharova that's not really my area of expertise. I tried the traveling nurse route for a bit when I had a couple airbnb's. I didn't have much luck as they always booked, then backed out if they found a better gig or wanted it at too low a rate.
With the market the way it is, as a Realtor®, I'm finding that a lot of people need temporary housing until they close on a purchase. That's always been a 'thing', but seeing more of it lately. I have two sets of buyers in that position. I work with a lot of relocations so they need to start work, but can't find a house or can't wait to start work until the home closes. So that could be an option. A good place to post that would be FB groups, especially geared around Realtors® (Orlando Real Estate Mastermind would be a great one).
Hope this helps. Good luck