You need to know shorterm vers long term rental along with the tax liabilitys. And if you pick the wrong area your stuck with an empty unit which hurts.
Good luck with your search.
Here is a link to the area you are asking about. It includes the Southcahse and Meadowbrook areas. It is south of the Airport ( Orlando In tl) and close to the attractions. It is centrally located to the 417 for easy access to downtown,airport and attractions.
Regarding difference of townhomes and Single family. HOA's are different. Condo and Townhomes can be expensive. Single family homes offer more privacy but more upkeep. That would be a desicion you would have to make.
I am very familiar with Prime Home Builders as well as Portofino Meadows. I have sold in number of Prime Home Builders (PHB) Communities and every single time the experience has been not so great. I would recommend to consider anything else.
Another thing is that Portofino Bay is not zoned for short term rental, therefore you would have to rent it out as long term (7 months or more - usually 1 year). Which means you would not be able to use it as you wish yourself.
Another thing is that PHB is based from South Florida and most of their business is done down there. Therefore the management is horrible in Central Florida. Let me give you a quick example - it took my client almost 90 days to close on a property (Waterstone in Davenport) due to very poor process handling by PHB and their Title company. I do not want to go into all the details online, but I would highly recommend to stay away from them.
Also, Portofino Bay has some issues with other surrounding residents using its amenities (pool mainly). Until they get their management issues handled, I'd stay away.
There are number of great communities around though which would be much better for you.
I specialize at investment and short term rental properties. Please feel free to email or call me. I am here to help.
JC Penny Dream Team - Realtor Â®
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J.C. Penny Realty, LLC.
8701 W Irlo Bronson Memorial Hwy, Suite 200
Kissimmee, FL 34747 (map view)
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Meadows may be great - but there are other areas close to Disney that, in my experience, are much more popular with vacation home renters and therefore much more successful. If you've not already made progress, please contact me for more information.
The Portofino Meadows is a private gated community in South Orlando that is zoned for short term vacation rentals. Historically Orange County has not allowed short term rentals and to my knowledge this is one of the first in this part of the County to do so. The price points are very desirable with square footage (A/C) pricing starting at around $125.00. This is really one of the best prices around for new construction that is zoned for short term rentals. However, I would like to discuss the location with you and other possibilities. I have worked with investors and vacation home buyers in the Orlando area for over a decade. I am also very familiar with the different management programs and marketing of this type of investment. I would be more than happy to discuss and assist you with this community or any others that may suit your needs.
Thank you for your consideration,
Realty Executives Central Florida