STR 3: Mediterranean Villa: 3br/2ba in Kissimmee
The Story
Why did we buy this property?
After spending some time developing our business in the east side of Kissimmee, we decided to expand into the west side of Kissimmee. The west side of the road 192 in Kissimmee is known for having many resort communities and tourist attractions. It’s an ideal area for short-term rentals. Consequently, properties are more expensive, but tend to be in better conditions. For those reasons we decided to purchase our next property in that location. By then, most of our colleagues and friends knew we were buying rental properties in Florida and wanted to partner up with us. We spoke with two good colleagues of ours and decided to split equally the income and expenses in order to buy our 3rd short-term rental. Feel free to check it out on Airbnb and save it to your wish listLessons learned
- Choose your partners carefully and have everything written down. We are fortunate to have great partners in this deal. But before purchasing the property we made sure to write everything in our partnership agreement. Needless to say, we also worked very hard to ensure the partnership was successful and meet (exceed) our partners expectations.
The Numbers
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Before and After Pictures
Before
After
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