All Forum Posts by: Christy Flora

Depending on where the STR is located, some companies have industrial washers and dryers that they use in between turns. You will still need to provide all linens and towels (and replace as necessary). Additionally, in small towns many cleaners take home the sheets and towels and wash them in their machines - you would definitely pay for this service. The important thing in both of these instances is to have 3-4 sets of sheets, towels, and extra comforters/quilts for the turnovers. Interviewing cleaning teams is your next step. Good luck!

I would typically avoid HOAs unless you are in a resort community and a good percentage of the homes are already vacation rentals. For example, I have a place in Kissimmee but the HOA is accepting of vacation homes as that is just what is done in the area. If this HOA is only 10 homes, I encourage you to be directly involved with them - you will have 1/10th of the vote - get on the board and watch out for your investment.

I believe you just answered your own question. If you have two concerns just think of the reviews you might receive about those two things that you can’t change. 

First ask yourself these two questions;

1. How would you differentiate yourself from a hotel room?  Are there amazing amenities at the condo complex that would set it apart?

2. Who is your client vs who is most likely to get an Airbnb for a trip to Branson?

For Orlando are all your homes in resort communities or non HOA? Wondering if the high costs to be in a resort equates to higher gross revenue to offset the cost?

Thanks for this good information. I guess my fear is purchasing a home in STONE county and then applying for it to be a STR and being denied. tonight there is a meeting of Stone County Planning & Zoning and there are two families trying to get the zoning of their home changed to operate a STR. Let's see if they succeed.

I do know that in Taney County there is actually a motion on the ballet this next February 14th to remove permanently R-1 for nightly rental conditional use permits.

CUP‐22‐008 – Andrea Davis is requesting permission to operate a short‐term rental on her property located at 3787 State Hwy JJ, Blue Eye, MO (13‐4.0‐20‐000‐000‐039.000). This property is zoned A‐1.

CUP‐22‐009 – Adam & Dayna Jett are requesting permission to operate a short‐term rental on their property located at 4177 State Hwy 265, Branson, MO (12‐8.0‐33‐000‐000‐002.005). This property is zoned A‐1.

So, here's the thing I've found. You basically can't purchase a SFH in Taney or Stone country because of the regulations against STR - be wary of people selling their homes as STRs (they are probably trying to get out before more regulations kick in) - you will not legally be able to rent it. You basically need to purchase in a new-build neighborhood of "free-standing" townhomes (usually not next to the lake) or get into a non-warrantable condo to get near the lake. Barry county (just to the west) does not currently have such restrictions but further from Branson. I'm still also interested in that area but getting frustrated with the regulations (especially for people who do not like HOAs - nearly impossible)

@Jay Breitlow thank you for the detailed explanation. Are you willing to share those projections with me as well? I'm working through my pro forma and trying to stay on the conservative side in terms of occupancy for just this reason. Want to stick with SFH.

@Jay Breitlow are you saying that 5-bedrooms in Davenport/Kissimmee are potentially cash-flowing better than 6 bedrooms because the typical large AIRBNB rental is still under 14 people? Currently looking for a 4 or 5 bedroom (SFH with pool) now in that area but kept hearing that 6+ bedrooms was better.

Thanks everyone. Yes, I was hoping to be a more competitive buyer with a cash offer. Obviously the main concern is that I would want to refinance out of the HELOC as soon as possible. I figured I would have to let the house "season" for 6 months to a year so that I have time to BRRR - renovate it and let natural appreciation hopefully raise it to a level that I can get most (if not all) of my original HELOC out to replenish my stores. My question is, when you go to a bank with a paid for house and ask for a mortgage on the home, since it's an investment property - is anyone having issues getting funding?