Vacation Rental Pre and Post COVID

[Tyler Casey]

Investment Info:

Other buy & hold investment in Haines City.

Purchase price: $195,000
Cash invested: $50,000

First Short Term Rental Investment near Disney.

What made you interested in investing in this type of deal?

A desire to have a winter escape combined with a profitable investment.

How did you find this deal and how did you negotiate it?

Found it using a real estate agent. Drove all over Central Florida to pick an area.

How did you finance this deal?

80/20 Bank Loan.

How did you add value to the deal?

I drove all over rental florida to find a neighborhood that allowed short term rentals and pets. It just happened to be a beautiful place on a golf course within 25 minutes of Disney.

What was the outcome?

Mostly Negative Cash Flow but I've enjoyed having it to escape for the winter.

Lessons learned? Challenges?

Short Term Rentals are no guarantee. I've had tons of success with long term rentals, commercial property and storage units. This is one niche I'm yet to figure out.

[Tyler Casey]

I started out and am still currently utilizing evolve. It has been unsatisfactory. I haven’t thought about or looked into hosting on AirBNB although Evolve syndicates to all the vacation rental sites. I’m thinking of ditching evolve and switching property managers.