DisneyWorld Airbnb Tour | Financial Breakdown of Orlando Airbnb
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- Опубліковано 28 лип 2024
- DisneyWorld Airbnb Tour | Financial Breakdown of Orlando Airbnb
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Have you ever wanted to own a property near DisneyWorld to rent out or for your own Family to use? In Todays Video I give you a tour of a 2 Bedroom 2 Bathroom Condo in Orlando that is 5 minutes away from DisneyWorld!
I also breakdown all the Financials on what it costs to Buy this property. What it costs monthly for this property. And what potential profit you can make by owning a property like this and renting it out on Airbnb.
Lets just say that the numbers are pretty amazing and if you are interested in a property like this, it can generate some pretty amazing cashflow for you and your family, plus you will have a place Near DisneyWorld that you can go to with Family and Friends and have an amazing vacation and create some awesome Family memories.
Airbnb we stayed at: www.airbnb.ca/rooms/49647037?...
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*This video is not sponsored. All opinions expressed are my own. I sometimes receive products for free from brands for consideration but will disclose when videos are sponsored and I am getting paid to talk about the brand/products mentioned. Thank you for support. - Навчання та стиль
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This is the most confident and comfortable Matt has seemed to me on camera. The transitions, camera angles and different set ups (walk and talk, video with voice over and sit and chat) felt professional and like a level up from previous videos. ⭐⭐⭐⭐⭐
Awesome video! Thanks for the excellent tips
Matt, you explain everything! Please keep these coming.
Thank you so much Sherri, really appreciate the kind words 🙂
This was very informative. Thank you so much for taking the time to list all these stats👍
Your very welcome
As always, great content! Thank you!
Thank you for the kind words. Glad you enjoyed 😁
Just so you know Disneyland is in Southern California. I grew up next to it. That's Disneyworld in Florida.
Oh yeah lol. Thanks for reminding me I always mix the two up 😉
Great information! Thank you!
Thank you so much for watching. I am happy you enjoyed the video 😊
This was so helpful as a Canadian. I hope you do more of these!
Thank you Chantel
Hi. Good video. Keep the info coming 😊. Could you let us know how much potential profit one can expect per year? I see that you broke down the higj, peak and low season per month profit potential but I dont know how many months each season runs for/lasts. Thanks for all your insights.
Miss that condo!
Thank you for this video because I’m going to an Airbnb 3 bedroom with my best friend and her mom and dad in Disney world !
You are Welcome. I hope you had a Great time in Disney World
Vacation home could mean 10% down instead of 20%. Keep in mind you need someone to Manage the property which can cost anywhere from 10 to 20% of the rent collected. Repairs and maintenance, capital expenditures as time goes on needs to be accounted for as well. Also, CDD fees may apply in some subdivisions.
Great points!
Did you do a video with the larger houses and have a break down? Love this video was super helpful!
Coming soon!
I used to live in Florida. An AirBnb near Disneyworld is a great investment!
I agree! We are definitely going to get a couple of properties there. Will be great to have for family and friends as well
Have you included property management cost in the $1,839? Usually a property management company charges anywhere between $100-$600 up front per month plus 20-30% commissions.
Hey Nicks, Property management wasn't included in this cost. Since there can be such a large different between what companies will charge. Also with proper systems set up and use of automation strategies the use of traditional property management charging 20% is not necessary if you decide to set things up ahead of time. Personally I have not seen any companies charging an upfront fee and then commission on top, i would definitely avoid a company doing this. 20% is a more then reasonable rate for management for an airbnb if you went that route. Also many companies have options where you can pay lower fees if you do some of the management activities your self. Such as dealing with the initial questions about the property and faciitateing the booking. Once again this can all be set up with automation using preset responses to common questions and have proper information on your listing.
Thanks for this video. I am looking to buy an Orlando condo and spend maybe Sept - Feb and then Abnb the rest of the year. Was wondering what I could make. That would put a nice dent in the mortgage.
Sounds like a great plan to me. You can definitely earn enough in those other months on airbnb to take a huge amount off of your mortgage costs
Just is typically the busiest and highest profiting month so that’s smart!
I would rent for sure!
Thank you Joanne. We can't wait to get some properties set up and provide great places to stay for people. HealthNut discounts 😉
Hello. I am very convince and interest to do airbnb business. I want to do it at orlando florida. Can you please help me please? Like i need help with buying or getting rent the house, location choose at orlando florida, like how should i do it? Which landlord or realtor should i contact. Can you help finding those. If i set up a appointment with you? Let me know thank you🙏
What is the monthly cost for property management fees and cleaning fees in between tenants?
Hey Ashley, property management fees would depend on what you decide to do. We would self manage so not have to worry. Most Airbnb managers charge between 15-20% due to the active management. As for cleaning fees it would be around $150-$200 per clean, however this is charged to the person staying, so it's not part of the night it is an additional fee you pass on to them. If you find a good cleaner you have potential to actually generate a profit off cleaning fees 😉
I’ll take it
Great video, Matt! I like how informative your content is. How are you planning to handle the maintenance of the property from Canada? Will you hire a company to do the cleaning and staging for each guest?
Hey Mariela, thank you for watching. We would likely to be looking to self manage. Hire a cleaning service and maintenance person to have on call and manage the Airbnb listing ourselves. Once.ypu have your system in place it's pretty easy to hire a cleaning company and lay out what your expectation is for each cleaning and staging for new guests. You can also have them send pictures and do video walk throughs to show you the staging and cleaning after they complete so you can verify the work is to your standard
Do you recommend having a property manager run the vacation rentals? Or do you recommend doing it ourselves?
If you have the ability to find good cleaners and a good handyman in the area that you can use then that is most of what a property manager does for people at 20%. With airbnb you can automate alot of the online systems. Automatic messages, guide.books, emails that automatically get sent for check in and check out. However if you have no desire or time to set that up then likely best to use a company. Or Invest with someone that can do that stuff for you 😉
@@MatthewVarga thank you much! That makes sense! How do you even get booked though ? I get so worried about not having bookings because I don’t know how to market the property( algorithm) on different platforms such Airbnb.
You math is off a bit. You forgot to add utilities, maintenance, and such.
I would love to see the houses and the numbers as well. Did you mention the cost of furniture and decoration?
Hey iris, one of the great things about these properties in Orlando is most of them already come fully furnished. About 90% of the houses we looked at are fully furnished and ready to be rented out right away
@@MatthewVarga thank you for that information. I will check them out. Thanks for the video.
In FL it’s Disney World- so much better than CA
Hey Katie, I realized I made this mix up just after I posted lol. Thanks for letting me know 🙂. Hope you liked the video
I've always thought you guys might move to the US, especially one of the six states that don't have income tax. Because you guys are both hustlers. You would get to keep way more of the money you make. How exciting! I live in Nevada and imagine it would be hard to move back to California where I'm from and take a pay cut.
Hey Lauren, I agree with you 100%. The tax we pay in Ontario is pretty insane. I think we have a peak of like 53.53%. So basically half your money goes to the government 🤯🤯🤯
@@MatthewVarga Wow.
Are these HOA’s ok with doing Airbnb on the property?
In Orlando, the majority of HOA's are fine with this, since it is such a major driver of investment real estate sales in Orlando.
@@MatthewVarga Thank you for the reply, I live in Las Vegas, and you can’t do that here, short term rentals, unless it’s a corporate lease. I would like to do this in Orlando, I seen your video 😁👍🏼
@@HectorOrona23 there is so much opportunity in Orlando. You can DM on Instagram and I can give you some ideas. 👍
Saludos desde Nicaragua 🙌 estoy por estos lados por recomendación de Nikole.
Thank you for coming and watching :)
I live here in Orlando and there is no way this condo was $280,000. Maybe 450-500K
Hey Kyle, it was definitely $280,000 a year ago when this was filmed. I know see the same one for $380,000. Check Zillow 👌
You said disneyland not disney world
Thank you for pointing out the mistake
What location/resort is this ? These rates seem on the high end.
This is at Storey lake resort in Orlando. These were the average rates at various times of the year. We have stayed at two different airbnbs here at different times of the year and these are the rates we paid and they were what ever other place was charging. This can be subject to change, but it was very accurate as of 2021
I stopped listening about 10 seconds in when you said you are in Disneyland… that’s a totally different market dude. Disneyland is CA, Disney World is FL… if you can’t get that right then how likely is it that you know what you’re talking about when it comes to anything else? 🤷🏻♂️
Does Disney allow non groomers to stay there?
You’ve totally got your figures wrong after deducting the mortgage and the rest of the bits you forgot that the management company take their share this year is massive so you’ll be left with about $100 a month low season maybe three or $400 a month in the high season please get your facts right
Hey shafiq, Property management wasn't included in this cost you are correct. Since there can be such a large different between what companies will charge. Also with proper systems set up and use of automation strategies the use of traditional property management charging 20% is not necessary if you decide to set things up ahead of time. Also many companies have options where you can pay lower fees if you do some of the management activities your self. Such as dealing with the initial questions about the property and faciitateing the booking. Once again this can all be set up with automation using preset responses to common questions and have proper information on your listing.