Out of state investor in Kissimmee, Orlando Florida

in
Jersey City, NJ
Level 2
242 Views

Hello to the AirBNB owners in Orlando, Kissimee Florida area

 

We are out of state investors looking to buy investment property (ies) in Kissimmee, Florida, but we are not local, and although I have experience in hosting via AirBNB, I don't have much experience in hosting out of state property.

 

  1. What % of the fee range do they charge on the top line (gross revenue)? I have heard anywhere between 10%-14% - is that normal?
  2. Is the cleaning typically separate on top of the % fee?
  3. Any good, bad experience or tips about the property management companies that we should be mindful about?
  4. Any bad capital expenditure item tip?

Appreciate your help!

 

 

5 Replies

Re: Out of state investor in Kissimmee, Orlando Florida

in
Heathrow, FL
Level 2

**[Advertisement removed in line with - Community Center Guidelines]

Re: Out of state investor in Kissimmee, Orlando Florida

Level 2

Please feel free to contact me at ** and I can help you decide what is the best way to proceed.

 

**[Sensitive information removed in line with - Community Center Guidelines]

Re: Out of state investor in Kissimmee, Orlando Florida

in
Raleigh, NC
Level 2

Hi @Manan24 . I found Kissimmee/Orlando pretty good for out of state investors.

1. Property managers quoted me 10-20% to mange the property. Some wanted a fixed fee on top of that. If you have experience hosting, skip them altogether. The big dependency is cleaning services, but not impossible to solve.

2. Yes, cleaning fee is separate. Make sure you charge a high fee, and pay it in full to your cleaning crew. Many of my neighbors rent their villas, charge $100 for cleaning fee, only pay half or less to their cleaning crew. They have disastrous reviews for cleaning... no wonder! We charge $150 for cleaning fee and pay the whole sum. We get amazing cleaning, amazing reviews!

Last tip: make sure you buy a property zoned for short term rentals. Message me if you need help. Good luck! 

Re: Out of state investor in Kissimmee, Orlando Florida

in
Torrance, CA
Level 2

Hi @Miguel1621 , Thanks for the details. I am also thinking of leaving a property for short term rental near orlando. Can you please share some of your insight. 

Re: Out of state investor in Kissimmee, Orlando Florida

in
Raleigh, NC
Level 2

Hi @Santosh18 , do you have specific questions I can help answer?

we bought our property in July, rented it 20+ days a month since then. So far it has been a great investment with decent monthly profit.

Feel free to reach out:**

 

**[E-mail address & phone number hidden due to safety reasons - Community Center Guidelines] - Please note that it is not allowed to share any personal details publicly. You can message each other privately instead. 

Join the conversation