Investment in Florida?
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Find out the benefits of an
Investment in Orlando
in a Short vacation rental property.
Is Owning a Vacation Rental a Good Investment?
A vacation rental investment can be a lucrative endeavor with the help of a defined business model and clear plans of action to follow.
Short-term rental investing also differs from real estate investing. A traditional real estate investment offers a more stable, consistent income. A short-term rental investment, on the other hand, offers higher profit margins and more room for growth and scaling.
Investing in vacation rental properties is one of the best ways of making money and building wealth in real estate. Recent statistics show that hosts generated gross revenue of $14.2 billion in North America in 2019. Due to the Coronavirus-induced travel restrictions and stay-at-home orders, gross revenue dropped to $12.6 billion in 2020. However, with the release of the Covid-19 vaccines and the reopening of economies in 2021, the short-term rental industry is expected to rebound in a significant way.
Why Orlando area?
The Sunshine State is the third most populous state in the US. With its pristine beaches, warn climate, and wide array of attractions, Florida continues to attract millions of tourists every year. Popular attractions in the state include the Kennedy Space Center, Disney World, Universal Studios, Clearwater Beach, The Ringling, SeaWorld Orlando, and Salvador Dali Museum.
Nearly 70 million people visit Orlando each year, drawn by the area’s world class theme parks like Disney World and Universal Orlando, dozens of golf courses, and premium shopping outlets. As the pandemic is brought under control and the economy begins to recover, these iconic resorts are likely to benefit from pent-up demand from visitors around the globe.
While tourism and conventions are big business in Orlando, the city is about a lot more than just fun and games. Orlando is a major industrial and high-tech center with one of the largest research parks in the country.
Orlando is listed as the #1 Best Places to Buy a House by Forbes for the third year in a row.
In a typical year, Orlando is the most visited tourism destination in the U. S.
Orlando’s projected job growth for the next ten years is the highest in the United States among the 200 largest metros, according to Forbes.
Orlando Medical City boasts a $7.6 billion economic impact and plans to create over 45,000 jobs.
The location of a property is one of the most crucial factors in determining its value. Remember that while you should consider a property’s cost, the property still needs to be in a reasonably safe and attractive area to draw in guests.
Consider the overall traffic and popularity of the area. Is it a yearr-ound popular destination, or does it only get busy sporadically throughout the year? All of these elements can influence the vacation rental demand of an area.
The occupancy rate is the number of nights a vacation rental is booked divided by the number of nights available. It’s in your best interest to invest in a property that shows a higher potential occupancy rate.
1. The short-term rental market is growing.
2. Short-term rentals can make more money than long-term rentals.
3. A short-term rental property can help diversify your investments.
4. Short-term rental properties can be found for any taste and budget.
5. You’ll have a vacation home to enjoy!
HOW TO INVEST IN VACATION RENTAL PROPERTY
VACATION RENTAL DEMAND
FLORIDA PROPERTY SERVICES your ideal partner
Unique investment opportunities
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Property type : Single family home
Bedrooms : 4
Bathrooms : 3
Location : Davenport, FL
Distance to Disney World : 20'
Property value : $ 415,000
2021 projected Income(*) : $32,000
HOA : $45 /month
ROI : 8%
(*) based in actual ocupancy projected till end of year