All Forum Posts by: Kanika Jain

@Kanika Jain I know around the Lake Granbury area, we are very saturated with STR's. There are many POA's that do not allow them and there are very limited areas inside the city limits where they are allowed. Even then, you have to submit an SUP to the City to get their blessing. The properties that are consistently staying rented are the properties within walking distance to the Square and the 5+ bedroom lake homes.

I have heard multiple times that the Disney area is very saturated. 

Florida insurance rates are through the roof so that that into account.

You might want to consider the Myrtle Beach area which is very popular for tourists.

@Kanika Jain, you will have plenty of options in Kissimmee and Davenport, the Disney markets. Seasonality is not an issue as this is a year-round market. The key, especially in the $500k price range where you have lots of competition, is setting the home apart to make it unique. Theming is super important, and also identifying the right resorts where you can find buying opportunities. We have seen quite a bit of interest in the older resorts, closer to Disney where you can add current theming  and create a real gem which will book well. Next year, the opening of Universal’s Epic Universe is also creating new excitement and new opportunities. Happy to chat and brainstorm the possibilities!

This is accurate.  Disney area is not really a cash-flow market right now unless you invest a good amount of money into theming AND you knock it out of the park with that spend.

They've been building these large themed houses by the literal thousands the last few years and there are a lot of them.  Just go to Airbnb and search for a place to stay and you will see how decked out all the homes are and how many are available and hence, how startlingly low some of the rates are for such nice houses.

It can be done but if cash flow is a top priority it would not be my top choice right now. Though if personal use or long term safety are a concern it can make a lot of sense as Disney will always be a market (whereas places like Broken Bow I could see fading from popularity) and unlike many markets there is almost no regulation risk since these properties are built in tourist zones specifically for STR.

I own there and manage others so have real world revenue data if you want specifics.