Newbie Investor looking at Kissimmee, Florida

[Melanie Alzugray]

Hi everyone! I'm a newbie investor, looking at Kissimmee, Florida for short-term rental. Any general tips and/or want to build my team (realtor, property manager) recommendation would be helpful.

[Ryan Moyer]

Hi Melanie, I both own and manage in the area and to be honest, the market in Kissimmee/Davenport is tough right now unless you're willing to invest a lot of capital into high end theming. 

The area has certain advantages like shelter from regulation risk (pretty much as low as anywhere in the country if you buy in the approved STR tourist zones) and long term security (people aren't going to stop going to Orlando anytime soon). It is a nice safe long-term spot if you're approaching it with a more long-term traditional real estate mindset. But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.