All Forum Posts by: Chris McClellan

 Hi Chris, 

Not in investor in Orlando, although I thought to share with you the software I use to assess if an area has demand for STR, or not.

I analyze vacation rental markets using Onera's STR market data. I found it way more reliable than AirDNA, and they have some free reports, although I am not sure if Orlando is in their free version.

You can find them here: onera-group.com

Hope it helps

Hey @Chris McClellan, so you can manage it from afar like many of us to. I am 7 hours from our place and it has been easy to do once you get rolling.

Just like @John Underwood said, find the right cleaner and handy people and it will be just fine.

Hey @Chris McClellan. I agree with @John Underwood on using the enemy method to figure out the possibilities.

I have to counter @Tony C. on Evolve. They take 10% for the easiest part of the job. They don't have the best reputation. You are better off doing it yourself. Do a search here on Evolve and you will find a ton of info.

Also, use VRBO in addition to AirBNB for your comps. VRBO is a huge platform, especially for whole home rentals.

Reach out to @Shawn McCormick as well. He is very knowledgeable about the whole area. He can give you some guidance and help find a property that will perform. It isn't easy in that market.

thank you @Michael Baum

Hey @Chris McClellan Welcome to Pro! Guessing you paid a good amount based on when you bought, but interest rates were low. Depending on what resort you are in. As others have mentioned, the enemy method. But since we have 10's of thousands of units and they are all over the place from the mundane to the over the top. 

So you will need to take that into consideration. The more unique and special, the more you can command per night and not get sucked into pricing wars. Also the resorts amenities will come into play, and your homes location to the amenities. Some resorts have multiple phases and guests MUST drive thru two sets of gates to get to them, as opposed to others that can simply walk there. 

@Jay Breitlow with Grand Welcome PM, can perhaps take a deeper dive based on real data. Glad to hear you are doing well as many took a hit last year. Let me know if I can help in any way!

Best of luck

 Look into "The Ememy Method"