Originally Posted By gardenrooms This is probably just a pipe dream, but I am in the process of selling my parents' house and will need to buy another property. My dream would be to buy a condo near WDW that I could rent short term (a few days to a week or so) to vacationers so it would also be available to me to use whan I can. I don't know if that kind of thing even exits out there. Of course, there may be no market for this kind of thing, with all the hotels and motels. Here in CA, there are some condo complexes near the beaches that are set up to do the daily and weekly rentals for their owners including the housekeeping. If this kind of property exists near WDW, I would love to work with an LP regular if one of you is a realtor to find one(keeping in mind that this may never come to fruition) as you guys would understand why this would be my dream! Thanks for any help.
Originally Posted By Labuda Not sure if they do condos or not, but try looking at <a href="http://www.allstarvacationhomes.com" target="_blank">http://www.allstarvacationhome s.com</a> and see if they list any places you might want to buy, or how, once you HAVE bought, you can become one of their properties.
Originally Posted By Brian Noble There are tons of these sorts of properties---condos, townhomes, and stand-alone houses. My uncle owns a 5BR home in the Glenbrook sub (just up 27 a bit from 192) that he uses primarily as a rental. I just spoke to him about this yesterday. He had been looking to unload his house and get something closer in, but he's not desperate to do so, and told me that right now the market is a bit soft, and his weeks (even that far from the parks) are renting well, so he's thinking about taking it back off the market until it improves. He also believes that there were a lot of short-term real estate investors that were hoping to flip for a profit, but got caught underwater when the market softened. So, it sounds like it's a bit of a buyer's market right now. He also said that if we was going to do it over again, he'd rather buy a condo---preferably in Windsor Hills or Windsor Palms---both for the better location, and because he thought that the private pool was more of a hassle than it was worth, especially as a remote owner. The trickiest part is getting a good local property manager. That can make all the difference in the world, and it's probably not going to be cheap to get someone who is good.
Originally Posted By gardenrooms Thanks for your great info, both of you. Yeah about the proprerty manager, which is why I was hoping there might be a condo complex set up to handle rentals for its owners like my friends have here (though she handles everything herself because she is local and can, but I of course wouldn't have that ability).
