All Forum Posts by: Keith Courtney

Akash -

I would suggest you also consider the Kissimmee, FL, area (south of Orlando and in close proximity to Disney World).  Our tourist market slows slightly in May and in September, but it still is considered to be a year round market.  Tourists come here from all over the world to go to Disney, Universal Studios and SeaWorld.

My personal experience with short term rentals is, though we get some reservations from Airbnb and TripAdvisor/FlipKey, a majority of our reservations come from HomeAway/VRBO.

Keith

@Bill Pappalardo -

I have been involved with a good number of vacation home purchases near Disney World and am very familiar with Windsor Hills. I also handle short term rental marketing for a number of owners.

Here are my responses to your 3 sets of questions –

1) 2-3 years ago the thing to do would be to buy a bigger vacation home – 7 or more bedrooms. The thinking being, for just a little more money in upfront costs and a little more in operating expenses each month, you can get a good bit more money for rent. There have been a lot of the larger homes built in the last 2-3 years to the point of over saturation, and I now I think the smarter move is to buy smaller homes in communities close to Disney. The key is you will need to most likely upgrade the home to make it stand out against the other rental competition (most of which has not been upgraded). I have pro forma statements that I can send you that show actual verified expense and income numbers for a number of different vacation homes – both townhouses and SFHs. You’ll be able to see how I arrived at the income and expense numbers.

2) To maximize the return on your cash and as long as rates are still low, I would preserve your cash and finance up to 80%. I have an excellent lender for vacation investment home loans. The projected rental income (banks will only use long term rental projections even though you will be short term renting your home) will be used in helping to qualify you. I would start with one home and, once you are comfortable with the market, then pursue others. One option you will also have with my lender is pay cash for the purchase and for the upgrades and then finance it to borrow most of the cash that you also spent on the upgrades. The interest rate may be slightly higher this way but sometimes not.

3) I would talk to your accountant or lawyer about what would be best in your case.

Feel free to contact me with questions or if you would like me to send some pro forma statements.

Keith

Trinette -

Though I am in Orlando, I probably can give you some information based on how vacation rentals work here that you can apply to your market in Utah.  I am involved either directly or indirectly in all aspects of the short term rental vacation home market here.  Our vacation home market is huge, and I have witnessed many examples of what homes are good investments and which ones are not.  Feel free to contact me, and I'll be happy to set up a phone call with you.

Keith  

Vacation Rental Turnkey Investment-6 min. from Disney World-9% Return On Cash after all expenses including mortgage payments – $50K Cash Investment - 3/3 short term rental townhouse in Windsor Hills Resort in Kissimmee, FL. It’s in a great location – 6 minutes from Disney World and within 20-25 minutes from Universal Studios, SeaWorld, championship golf courses, great restaurants and shopping and other fun venues. The investment is a DOUBLE WIN for you–“FREE” personal/business use and a GREAT investment from short term rental income.

Contact Keith Courtney for a pro forma and more information.
[email protected] or 407-538-1200 (cell)

Hi Deniz -

Welcome.  BP is great for information and assistance.

Twana -

I agree 100% with what James Selbe stated above.  There are a lot of ingredients that go into the success of a remote real estate investment - a professional, reliable and HONEST property manager is one of the most important.

I work with an excellent one, who also does renovations.  His many experiences of dealing with renters in short term rental vacation homes in the Orlando/Kissimmee area enable him to provide sound guidance in where to invest your money in upgrades to maximize the income of a property.

Feel free to reach out to me, and I'll provide you with his name and contact information. I can guide you on the best properties to invest in depending on your budget.

Keith

Hi Chris -

I work with buyers (acting as an agent) who purchase vacation homes (short term rentals) here in Central Florida.  We also assist with short term rental marketing. In addition, I have a set group of lenders, one property manager, home inspectors, and accounting/legal advisers that I deal with on a regular basis that I will be happy to share with you.  Feel free to private message me.

Keith

Vacation Rental Investment-12 min. from Disney World-17% Return On Cash after all expenses including mortgage payments – ~ $78K Cash Investment (includes loan deposit plus $ for upgrades)
5/4 short term rental vacation home in Indian Creek in Kissimmee, FL, near Disney World, championship golf courses and other fun venues - DOUBLE WIN for you–“FREE” personal/business use and a GREAT investment from short term rental income.

Contact Keith Courtney for a pro forma.

[email protected] or 407-538-1200 (cell)

Justin -

Private message me the address of the property and any details you have regarding size, offering price, etc.  I have done some land developing in the past and can help you with deciding on the best steps to take.

Keith

Vacation Rental Investment-10 min. from Disney World-15%+ Return On Cash after all expenses including mortgage payments – ~ $65K Cash Investment (includes loan deposit plus $ for upgrades)
3 and 4 bedroom short term rental vacation homes in Sunset Lakes in Kissimmee, FL, near Disney World, championship golf courses and other fun venues - DOUBLE WIN for you–“FREE” personal/business use and a GREAT investment from short term rental income.
Contact Keith Courtney for a pro forma.

Click here:  http://ow.ly/wkKw304O3Rr
Contact:  Keith Courtney  [email protected] or 407-538-1200 (cell)