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Buying house for rental investement in Orlando
I am considering purchasing a home in Orlando to rent out. I have been to ORL several times and know that the areas surrounding Disney etc are popular. Can anyone give me some advice on where I should be looking and if you have any info on renting out, (avg costs, maintenance etc)
Tue May 13 2008, 14:25 - Orlando - Home Buying - 9 answers
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the key to rental is location. you have to have convenience. UCF is great because of the school and college students. UCF has multiple locations spread out in Orlando with the new college of medicine opening in a few years. Downtown can be too pricey for rental, but IS workable. Disney can be great location for renting, but it would be a lot of short-time rentals, as it might be vacation rentals only. here is a listing that is in the center of Orlando www.floridamoves.com/O4845680
Wed Jun 4 2008, 16:47 Web Reference: http://www.floridamoves.com/O4845680
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All I can say is be very careful, many a first timer has gone down in flames with a vacation rental. In the beginning expect to get very little rental dates to help offset the cost as there are tons of them out there. There are web sites to place the home on and self promotion goes a long way. I’ve helped first timers get up, it not that difficult just takes time and sweat equity. I do like getting out of the typical rentals areas but you need to make sure it’s zoned short term rental.
Dave Lowe davelowe@two4one.com 407-330-0060 Mon Jun 2 2008, 18:00
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I can help with all your rental questions in Orlando. I am a property manage and broker associate at Orlando Rental Store. We are one of the fastest growing property management companies in central Florida. I have properties available on a regular basis and can run all the numbers for you on maintenance costs, etc.
Call me. Carlos -1.866.386.0633x319 carlos@orlandorentalstore.com Thu May 22 2008, 12:50 Web Reference: http://www.orlandorentalstore.com
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Hi Darren,
Be sure to check the home owners association regulations for their "Rental Policy." There is a wide variety of regulations from one community to another-some are very limiting. Don't let this be a surprise! Good luck, The "Eckler Team" Century 21 Almar and Associates ecklerteam@comcast.net 941-408-5363 Mon May 19 2008, 05:42 Web Reference: http://www.venicerealestatesite.com
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Hi Darren,
I work the area you are interested in an can give you the honest truth about purchasing a property in Orlando. I give my clients free property management services. www.buyacelebrationhome.com Give me a call Thu May 15 2008, 18:42
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I have a home for sale in the Winter Garden Area that Matthew is talking about. I am down the street from the turnpike, the 408 and the 429 which gets you everywhere in Orlando. I am 25 minutes from disney, sea world, Universal and I drive, they have also just built a 1 million sq ft shopping center minutes away.
My listing is here http://www.trulia.com/property/39318348-203-Briley-Ave-Oakla… Wed May 14 2008, 13:03
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Lake County. Stay away from Polk to many issues. Clermont is in a good location as is Winter Garden which has many New Home communities that are selling homes a steep discounts. There is a new Hwy the 429 that makes access to WDW very easy.
Wed May 14 2008, 11:13
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In particular homes in Calabay Parc and Highland Reserve are quite nice in that Davenport area.
If you weren't looking to have a short-term rental, there are several area's around Orlando that are great for Year round renting. In particular around the UCF campus, in and around waterford lakes and Avalon Park. There are already A locations for rentals that have been discounted enough to cashflow. And you won't have as variable of income or as high a management fee as short-term rentals. It all depends on your investment goals though as to which would be better for you. Tue May 13 2008, 15:07 Web Reference: http://www.gregtraub.com
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FIRST ANSWER
Hello Darren,
If you are looking for a detached single family home, I would be looking in the Davenport and Kissimmee areas primarily. Please remember not all communities are zoned for short term rentals. What do you want your vacation home to have? What kind of amenities would like the community to have? If you would like more information or a free search of homes, please feel free to contact me. Tue May 13 2008, 14:37 Web Reference: http://JackieFortier.mfr.mlxchange.com
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