Generate some real income by owning rental vacation houses in Orlando. Many visitors would rather rent a comfortable home for their stay rather than booking hotel rooms.
Orlando Vacation Homes: Anyone who has been to Orlando, FL can tell you that the vacation rental market is huge. That’s because visitors that come for vacation time prefer to stay in a home-like rental rather than a hotel room. It is so much easier to keep snacks and drinks cold, heat up a batch of popcorn when they feel like it, or cook up full gourmet meals to help save money for other activities. For families this is particularly important.
Especially when travelling with children, it’s so much easier to deal with a vacation away from home with a full base camp from which to operate. Rental homes that are tastefully decorated and appointed with all the amenities visitors are accustomed to makes their stay that much more pleasant. They can put the kids to bed in one of the bedrooms for the night or just for a mid-day nap, while enjoying the living area without disturbing them as they would if staying in a one room hotel accommodation.
Orlando Market is Hot for Vacation Homes!
The market for renting out vacation homes in Orlando is quite extensive. This means that there is money to be made if you own one or more of these rental homes. Unlike owning rentals that house tenants month to month, the price for just one night in a vacation rental home is much higher. While a monthly rental to a tenant that stays for a year is dictated by local rental markets, as much as 4 times monthly rent, or even more in some cases, can be earned when the same house is rented to those who stay for a weekend or a week while on vacation.
Renting a vacation home is also a short time rental situation. Though most vacationing visitors that rent homes for their holiday stays are considerate and well mannered, there’s always that one party that insists on breaking the rules, violating the deposit, and having just too much fun in your house and at your expense. The best thing about that is the simple fact that no matter what kind of tenant you have rented your vacation house to, they are only there for a short while and then go home. Renting a house with a year’s lease isn’t as easy, as landlords have more trouble with eviction in that case, while vacation renters come and go for short periods of time.
Buy a vacation rental home and use it when you want to. Then rent it out for the times that you aren’t there and make some cash flow.