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Updated over 4 years ago on . Most recent reply

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Jason Sensi
  • Scranton, PA
5
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Opinions on Deal Comparison for AirBnB/Short Term Rental

Jason Sensi
  • Scranton, PA
Posted

Hi everyone. I'm looking at buying a few condo units in the Orlando area to rent as short term rentals. I'm looking at various complexes, and there a few categorieS of Price versus HOA.

1. Price: $260-290k, Monthly HOA: $150

2. Price: $190-220k, Monthly HOA: $300

3. Price: $130-160k, Monthly HOA: $600

Keeping in mind that the units are all renting within $10-20 per night of one another, and the larger HOAs are covering things like water, cable and Internet, I am debating whether I should opt for higher cost of unit with lower HOA, vice versus, or somewhere in the middle.

Those of you who do short term rentals, Which route(s) would you lean toward, and why?


Thanks!

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1,345
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
2,113
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1,345
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied

@Jason Sensi biggest thing to consider is the amenities that each community offers. You will have a higher occupancy rate in communities that have resort style amenities.

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