All Forum Posts by: Robert Gunn

@Robert Gunn take a look at the following link. 

New Orlando short-term rental rules start July 1

That article talks about the city of Orlando. Greater Orange county also has regulations on short term rentals. We have specific zoning for short term rentals in certain areas. I know the county proposed changing the short term rental regulations a little over a year ago. I do not know if they have actually come to terms on any new regulations. The best thing to do is to contact the county for a full accounting on how to comply with the regulations. 

That being said the best places to own short term rentals in Orange are near the attractions which have many subdivisions zoned for short term rental. We also have what we call a hotel tax that would apply. It is somewhere in the 12.5% range. 

Best of luck to you.

@Robert Gunn Class of neighborhood is more subjective. In my area, B class is decent but not great school district. The rents in this area is around $900-1200. C class in my area is not that good school districts and the rents are more $700-800. 

@John Underwood @Michael Baum @Luke Carl @Paul Sandhu are correct.  

Also, PMs are not going to let you do this, don't even waste your time.  

If you have a remarkably similar unit in the same building, perhaps not, you might be able to substitute.  Your master lease should do it's best in protecting your rights to continue to lease if things are working as planned, or perhaps write a lease option so you have the right to buy the property if the owner decides he does not want to lease it any longer.

I am looking at a STR Arbitrage deal. The landlord is all on board, the place is super quaint..we were about to sign on the dotted line when we got held up with insurance concerns. The building has four LTRs, a hair salon, and the unit I want to use for STR. I have reached out to Proper and CBIZ...shot down by both. Does anyone know of an insurance company that would insure such an arrangement? FWIW, the landlord's existing insurer unofficially said they would cancel his entire policy if they found out he there was a STR operating there.

Any thoughts/ideas from the group would be so appreciated!

All the best,

Karen