Orlando remains a top vacation destination in the U.S. Gorgeous weather all year round, plenty of activities for all ages, and an incredibly diverse selection of restaurants and entertainment options make this Florida destination always in demand.
Many investors are capitalizing on this demand by purchasing vacation rental properties. A vacation rental property is real estate that is owned by one person, family, or group of people and is then rented out to tourists and vacationers as determined by the property owner(s). Vacation rental properties are growing in popularity, especially in high-demand locations like Orlando, because they offer visitors a more personal and affordable vacation option.
5 Benefits Of Owning A Vacation Rental Property
- There’s Always Demand. Orlando is a top tourist attraction for both U.S. residents and international visitors. Thanks to sites like AirBnB, HomeAway, and VRBO you will never be short on applicants for your vacation rental property. Short-term vacation rentals are on the rise as more and more people want to stay somewhere that is roomy, comfortable, and affordable for larger groups. Even better, these renters are willing to stay in modest neighborhoods. As an investor, that means you can buy a vacation rental property in your price range; don’t feel like your purchase has to be a multi-million dollar investment.
- Earn Passive Income. Purchasing a vacation rental property allows you to earn passive income on it. By renting out the property by the week or month, you are able to recoup your mortgage costs plus some and enjoy a nice, stable flow of income with very little work on your part. In many cases, renters who enjoy themselves and are treated well will return year after year to the same property providing you with some income stability.
- Help is Available. Many foreign nationals buy Orlando vacation properties and rent them out with help from management services. For a set fee, the management company handles everything from scheduling and availability to cleaning and maintenance. You gain all the benefits of owning a rental property without the work!
- Built-In Vacation. Owning a vacation home means you always have a built-in vacation option. You don’t have to rent it out 365 days a year. Pick some dates that you can visit the property yourself and experience all the adventures that Orlando has to offer.
- Meet People From All Over The World. Some people invest in vacation properties because they love to host and meet people from all over the world. Although you may not meet your guests in person, depending on how you manage your rental property you may interact with them over the phone or online. Some owners will leave a small notebook or journal in the property and encourage visitors to record their thoughts and experiences during their stay. Travel is a great way to learn more about other cultures and people, but so is hosting travelers!
Contact Uno Realty Group To Learn More About Orlando Vacation Rental Properties
Uno Realty Group specializes in helping foreign nationals invest in the Orlando vacation rental property market. Contact our team online or call 1-407-808-1878 to learn more about vacation property rentals and how you can start investing in this lucrative market!