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Vacation/Investment Homes
Maximize Your Orlando Area Vacation Home Investment
Contact us and let us help you achieve the following 4 goals necessary to maximize the profit from your vacation home investment. Hover over each goal to learn more.
Goal 1: The BEST Home
Important guidelines to follow as you search for the right vacation home investment for you -
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Purchase a home in a popular vacation home community. Many vacationers prefer guard-gated communities (for security) with a lot of fun amenities (i.e., clubhouse and water park) that are near Disney World and the other theme parks.
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Purchase a home with an adequate number of bedrooms to generate your rental income goal.
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Purchase a home that has a relatively new roof, HVAC equipment, and pool equipment.
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Purchase a home that is within your budget. Keep in mind your cash situation. You will need cash for the deposit on your loan (usually 20%), for closing costs, and for renovations/upgrades. The best tool to use to determine which vacation home will be the best investment home for you is a pro forma statement. Pro forma statements include your total investment costs (including renovations), all rental income and expenses including mortgage payments, and a forecast of profit.
Goal 3: The BEST Property Manager
5 Star reviews by vacation home guests are critical for the success of your vacation home investment. Vacationers’ decisions on which vacation home to rent are greatly influenced by reviews. 5 Star reviews boost rentals. One Star reviews hurt rentals. Two huge contributing factors to a review of a vacation home are:
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Upkeep- preventive maintenance and cleanliness; and
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Customer Service- handling vacationers unique needs and issues.
Both are the responsibility of your property manager. It’s imperative that you hire the best property manager who will generate 5 Star reviews by excelling in these two areas.
Goal 2: The BEST Furnishings & Amenities
To maximize rental income, your vacation home investment must stand out against all other vacation homes. It must be a memorable fusion of modern comfort and fun, and your home must cater to vacationers of all ages. Themed movie theaters and game rooms and themed bedrooms are examples of amenities that will make your vacation home investment stand out.
Goal 4: The BEST Marketing
Maximizing short-term rentals requires maximum exposure on the major vacation rental websites such as VRBO and Airbnb. Your investment home will also need its own website that is promoted on social media and other media and travel outlets. Investment homeowners have 3 options to choose from to implement the short-term rental marketing of their home:
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Property Manager- normally charge 15-25% commission.
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3rd Party Marketing Firm- normally charge 10-15% commission.
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Self-Market- Your costs will be the costs of your listings, website, and advertising on social media. If you have the time and can quickly respond to inquiries, you may want to handle your own rental marketing and save on your marketing costs. If not, choose a marketing company that will give your home the individual attention required to maximize its exposure and income with costs that work within your pro forma statement for your investment home.
We are experts with each of the above 4 steps and will guide you through each one. Take advantage of our knowledge and expertise of the short-term rental market in the Orlando area. We will maximize your investment dollars.
Now Let's Get Started
The Orlando area vacation home market is large and mostly surrounds Walt Disney World Resort. Many vacation homes are in vacation home resorts with amenities such as clubhouses, large pools, splash pools, lazy rivers, etc. Some of these resorts are in better locations than others. Also, the vacation homes in some resorts rent better than others. There are condos, townhouses, and single-family homes.
As you can tell, your search for a vacation home that perfectly matches your needs can be daunting; therefore, start your search with us. Fill out the below form, and we will help you pinpoint areas where the vacation homes are located that best meet your criteria. We will then set up searches for you matching your criteria. With our help, your search will be much easier and much more efficient.
Tell us your investment home preferences.
Maximize Your Rental Income...
We assisted the owners of these homes achieve the 4 goals described above. Maximized income is being achieved.
See for yourself by looking at the below pictures and clicking here.
