What should I buy, and where?

[Dave1457]

Hi we are looking at buying a property in Florida to rent out on AirBnB and also use ourselves occasionally, then  once retired use a bit more. 

My question is what is the best property to buy to get the best chance of renting it out. We are thinking of a 4 bed in the kissimmee area, in a gated community with a pool. Budget around $450K.

any feedback would be greatly received. thank you

[Helen3]

Please think carefully about doing STR in Florida -  many parts are oversaturated with more supply than demand which will affect bookings.

estate agents will try and convince you otherwise 😀😀

Use Airdna and talk to hosts in parts of Florida you want to buy in @Dave1457 

best of luck 

[Juan63]

Most hosts will not give up this information. Hosts have spent a lot money, blood, sweat, and tears to figure it out.

[Helen3]

I don't think your response is terribly helpful @Juan63 

As a host and cohost I'm always happy to advise new hosts and I know on our local host group hosts are always happy to share advice with new hosts on likely supply and demand in our locations .

[Juan63]

Truthful is helpful, Helen. Though this is not for you to decide either.

[Helen3]

Please stop being rude @Juan63 . This is a community where we help each other..

[Juan63]

Helen, I don't agree with your point of view. That's not being rude, you simply don't like the answer. Have a good day.

[Brian2565]

But its accurate.   Why lie ?

[John5097]

You may want to contact a real estate agent to start. At least they have a legal obligation not to misrepresent a listing. 

I've had guest who were from Orlando and asked them about STRs and they mentioned its very strict zoning, as Orlando gets 75 million visitors a year, compared to Maine that gets 15 million a year. 

[Lydia544]

I’m a lifelong resident of Tallahassee and co-host/manage in surrounding areas such as Carrabelle, Apalachicola, Port St. Joe, Mexico Beach and even Havana. We have FANTASTIC luck!! 

[Dave52]

@Dave1457  As others suggest, look at supply as much, or more, than demand.  Many airbnb markets are oversaturated with listings.  If it's been an STR, I would demand to see the rental income history.

Good luck.

[Dave1457]

Thanks Dave, thats helpful. One if my concerns is having a home that does not rent out and costs us thousands just to sit there. I didnt know you can ask to see the history of rentals. 

Dave

[Brian2565]

This is the million dollar question, and hardworking hosts that have done their homework are not going to give you their "cheat sheet".   And dont expect a Realtor to answer your question.   They will sell you a house ANYWHERE you want.   You need to take the time to do the research.   It's laborious.   Good luck.