Tuesday, March 12, 2013

Can I make money on a short term rental townhome in the Regal Palms Resort in Davenport, Florida?

I specialize in Regal Palms among many others in the area.  Regal Palms is a nice community for the price point, however you shouldn't rely on a property manage to turn a strong ROI here.  What you're hoping for is to cover your running costs and use the property yourself for friends and family.  Depending on your budget, there may be better options for a stronger ROI in the short term rental zone of the area.  The best way to increase your ROI on any property is to be an active owner.  This means you book market and book the home yourself to colleagues, associates, etc as well as some websites such as www.homeaway.com and many others.  Social networking alone could really prove beneficial, if those you work or associate with know you have a vacation home in the Disney area, you could offer them wholesale rates during off season. These are times when the property manager typically will not be booking the home anyway.  Therefore, you'll increase your occupancy rate and income.  Not to mention, most property managers charge a much smaller booking fee or none at all for owner bookings.  There are several other important factors to understand in Regal Palms.  If you'd like more information or particular ROI statistics or other points to be aware of in Regal Palms, please call or email me directly.

Cathy Starkweather
Realtor & Vacation Home Specialist
LaRosa Realty & Jerry Barker Vacation Homes
cathy@jerrybarker.com /

How much are Regal Palms HOA & Club fees and what does it cover?

The HOA fee for the Regal Palms Resort is $535/month. Until October, 2017 - there was an HOA separate Club fee that equalled $535, however the HOA bought out the Club which went into affect, 10.1.17, this has been good for the community, owners and buyers. 

The HOA fee includes: Ground maintenance of common grounds and around townhomes, building exterior, roof, exterior pest control, security, trash removal, basic cable, internet and phone.  The Regal Palms Club fee includes the amenities such as the community pools, lazy river, slide, sand volleyball court, games room/Banana Jacks, fitness, inside/outside spa's, sauna, steam room and basic phone.  For more information on Regal Palms and other vacation homes in the Disney area, please contact me directly:

Cathy Starkweather
Realtor & Investment Home Specialist
LaRosa Realty, LLC
cathystarkweather@gmail.com/ 01.407.274.8476

Monday, March 4, 2013

What do you think the real estate market will look like in 2015 in Kissimmee, for a townhome in the 34741 zip code?

The market is certainly trending upwards, seeing 15%+ increase in average listing and sale pricing from a year ago. There's less inventory in the Kissimmee, Davenport areas and more buyers.

Lenders are relaxing somewhat and writing loans on properties that a couple years ago couldn't be financed. This is of course, for well qualified buyers.  

If you're looking to buy, it's still a very good time and the consensus is that the market will continue to grow.  If you'd like a market analysis or more information on 34741 or other areas of Kissimmee, Florida, please call or email me.