All Forum Posts by: Alice Horn

Thanks everyone for the replies and insights. Invaluable to hear different views early on to get a better understanding of the market.

I am currently considering 2 approaches, potentially in parallel with a smaller 100% STR to learn the ins and outs of the market on a more professional setting. Second approach would be to also buy a nicer vacation home for the family. Renting it out only the peak months to stay in the 180 day range and taking advantage of the more favorable financing options.

Would be great to get the contact to a couple of tried and tested hosting managers.

Hello, fellow investors! 

Thank you for all the comments and advice! 

My husband and I are trying to buy our 2nd property in Florida as a vacation home.  While we  are not using it, we plan to rent it. 

Of course, we are going to get a vacation home loan. We were very positive about our plan, however, with the current interest rate being high, and the market is still somewhat competitive, I am not sure if we can have positive cash flow..... 

For us to have positive cash flow, we will need to offer a much lower price than the sellers are asking.. So, now I am not sure, what to do... 

We don't want negative cash flow... So, any advice? I am trying to do brainstorming, but I can't think of any good way to work it out... 

Currently, we live in CA and we visit Orlando a few times..

Thank you. 

Landlord and getting educated in short term rentals.

All:

Brand new to BP Pro! I started my first STR in Orlando 2021 which was a SFH within a resort, I found what I thought was good deal, and I didnt do a pile of great research, but have been lucky and its doing well! I definitely learned from some mistakes i made and some bad assumptions with regards to rental income as it can very throughout the year. What's the best way I can really determine an estimate of rentals since they are short term? Who are some really reliable property managers in the Kissimmee/Reunion area? Maybe there are other areas in Southeast US others recommend. Thank you!

I own and manage a few STRs. I invest in a market where many newbie investors jumped in, thinking they can self-manage and not doing too well or realizing it is a lot more work than they thought. 

What is your thought on starting or purchasing an existing STR management company?