Purchasing a Home to use as a Vacation Rental
Interested in learning more about Vacation Rental Investment? Look no further, here you will find a wealth of information if you are interested in purchasing a home in the Disney area to use as a Vacation Home Rental.
Many of the Communities in the Central Florida area are zoned for "Short-Term Rental" (vacation home rentals). The reason for this is to provide additional lodging for the millions of tourists that visit the vacation capital of the world, Orlando Florida. With millions of people coming to Orlando each year to visit the attractions such as Universal Studios, DisneyWorld or SeaWorld, there are simply not enough Hotels to house everyone.
Vacation Home Rentals in Orlando are individually owned private homes from people all over the world. Private investors purchase these homes, hire a Vacation Home Management company to oversee and rent the home to tourists. Tourists will pay from $100 per night, up to $3000 per night depending on the size of the home you purchase or have built. This will also vary depending on the home being in a Resort setting. This is a fantastic investment opportunity as the income will offset operating costs and in most cases turn a profit each year!
Many of the homes here may come already furnished and possibly even have future bookings in the home. The Property Management Company will have a look at the home to determine if it might need updates or even suggestions to maximize rentals. If you have a home built or purchase a home unfurnished, the Property Management Company will help you select the layouts that will be best suited for the rental market. You, the owner, will pick style and decor to your tastes. You will be all set up for a turnkey vacation home rental.
The hiring of a Property Manager is a critical step during the purchase of your home. This company will be your eyes and ears while you are away. They will maintain the home for you as well as market the home to renters. Each month you will receive a statement of earnings, expenses and then payment.
Some owners play an active role in renting their home in addition to the Property Manager.
Tax benefits - There are tremendous tax benefits when owning a vacation home rental. Consult your tax professional to learn more.
Right now is a fantastic time to buy, prices are rising steadily so you will want to get some of that appreciation over the coming years and hold onto the home or even sell later for a profit. The vacation rental industry is the next boom for travelers and the old days of renting a Hotel suite could be obsolete in 10 years!
Please feel free to contact us or fill out the contact grid to the right and we will respond within 15 minutes during normal business hours. Please note you will be contacted via email unless otherwise requested. View what our past buyers and sellers are saying here