Top Reasons to Turn Your Orlando Property Into a Vacation Rental
Thousands of people look for accommodations in Orlando, FL each year as they plan out their next family or friend getaway. As more and more vacationers realize just how convenient and economical it is to rent a home for the duration of their stay instead of booking one of the crowded, overpriced hotels in the area, property owners are finding it to be a wise real estate investment decision to turn their Orlando properties into vacation rentals for the following reasons.
One of the biggest worries a property owner typically has when renting out a vacation home is how they’re going to keep it consistently booked. The good news with having a vacation rental in Orlando is that it’s a year-round destination that never goes out of style. There is a constant high demand for lodging in this part of the Sunshine State, where the weather can almost always be counted on to cooperate and all Disney theme parks have their gates open 365 days of the year.
Of course, the first benefit that usually comes to mind when thinking about becoming the owner of a vacation rental is the potential to generate extra income. If your property is in a great location, offers guests a spacious and comfortable home away from home setting, and has plenty of amenities to fulfill their needs, you may have the opportunity to make a nice profit and enjoy some great tax benefits.
Easier to Manage Versus a Long-Term Rental
If you’re contemplating between making your property a short-term or long-term rental, there are some pros and cons you’ll want to keep in mind. Short-term vacation rentals will still allow you some personal use time to enjoy with your own family or friends, whereas a long-term rental will restrict your use to whenever the rental happens to be vacant between tenants. There also tends to be less wear and tear on short-terms because of the constant turnover and ability to go in as needed for routine maintenance and updates before any serious damage occurs.
Property is Taken Care of Even When You’re Not There
Leaving a home empty for any length of time can open it up to vulnerabilities in its safety. Having renters on the property while you can’t be there helps to keep it safe and secure. In addition, most vacation homeowners choose to hire a management company that will assist in a variety of areas, but most importantly, will be around to keep an eye on the property and handle any disturbances or maintenance issues.
If you have a place that you think would appeal to a variety of travelers, whether they’re in town to experience the magic of Disney World, practice their golf game on any one of the city’s acclaimed golf courses, or spend time sightseeing and participating in the many adventures offered in and around Orlando, now is as good a time as ever to start thinking about why you should seriously consider converting your property into an Orlando vacation rental