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There is so much that goes into buying the perfect Florida vacation rental home. Many people think that it's as simple as just jumping online and browsing for Florida homes. Though that's not a horrible place to start it absolutely shouldn't be the first place. Florida vacation rental homes are a very specialized niche and understanding that fact will help guide you down the right path that will save you the most time and money. One of the major factors that play a huge role in choosing the right vacation rental home in Florida would be neighborhood research. In my ebook "Everything You Wish You Knew Before Buying a Florida Vacation Rental Home" I go into all the steps in great detail but for the sake of keeping this short and sweet I'm going to touch on this very important subject.
Search Thousands of Orlando Vacation Rental Homes For Sale Here
Is The Potential Florida Neighborhood a Vacation Rental Hot Spot?
Much like hotels the Florida short term rental vacation home industry has a reputation. Anyone who has been to Florida and stayed in a vacation rental home understands the importance of staying in a neighborhood that caters to vacation home renters. If you are looking to purchase a home that will actually rent out to guests than the first thing to want to do is check out which neighborhoods rent the best. There are many different ways to do this but one of the easiest ways is to hop on Trip Advisor and start researching what people are saying about some of the local vacation rentals. You can get a good idea of what some of the more popular vacation rental neighborhoods are just by reading the reviews. You'll start to see some of the same neighborhood names pop up over and over.
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Top 20 Most Critical and Frequently Asked Questions About Buying and Owning an Orlando Vacation Rental Home
What do Chuck Norris and Orlando vacation homes have in common? Everything of course. For example, If you have five dollars and Chuck Norris has five dollars than Chuck Norris has more money than you and will most likely outbid you on a property. The first lesson to learn here is that Chuck Norris gets things done and he gets them done fast. No title company, mortgage company or lazy Realtor can stand up to his roundhouse kick in the face so that being said lets get right into this and see what Chuck can teach us about closing on an Orlando vacation home in under 30 days.
Chuck Norris Does Not Get Frostbite. Chuck Norris Bites Frost
If you don’t want to be stuck spending your winter in what feels like the trenches of Antartica than make sure you have all your financing in place before you start making offers on any Orlando vacation properties (unless you bite frost). If you’re paying cash, make sure it is liquid and ready to be wired into the title company’s escrow account on the day of closing. I have had situations with clients who said they were paying cash however, still had to have the money cashed out of their home. This usually happens when a person is using either a home equity line of credit or is in the process of doing a cash out refinance on their primary home. This is not a bad thing but if you are shooting for a 30 day or less closing it can definitely hold it up. If you’re taking a mortgage than the whole pre-approval process needs to be done, even get as far as requesting a loan commitment with contingencies. Then you know exactly what the lender needs to move forward.
Original Content From www.ThePinkFlamingo.info
We all like quick fixes right? Well here are 15 quick and easy changes you can make to your Orlando vacation rental and booking routine to increase your exposure and revenue this winter.
1. Update Your photos!
There is nothing worse than outdated, bad angled pictures lurking around on your property website. People will be booking your home solely based on the photos they see online. You only get one chance at this so make it count. The Flamingo thing to do would be to dip into your wallet a little and hire a professional Orlando real estate photographer to come in and snap some shots. It’s an investment that will pay off in the end.
2. Expose Yourself!
Don’t be afraid to put your home out there. There are over 50 websites you can list your Orlando vacation rental home on to get some owner booking revenue coming in. Consider the top three and take an ad out on those sites. Again if your pictures are terrible than don’t waste the money but if the package looks good than by all means get it out there! One of my personal favorite sites for this is VRBO
3. Start a Blog
Yes, I just told you to become a “blogger”. This is by far the fastest and most cost effective way to start generating some exposure online. It’s free to start a WordPress blog and if you do it correctly can generate a ton of new business and stir up interest in your Orlando vacation rental. A great thing to do would be to blog about up and coming events in the Orlando area, any news or information about your vacation home neighborhood, any specials you are running and have a place where guests can leave comments and testimonials. You can also link this to your property website.
Read Also: How To Get Your Own Bookings On Your Davenport Short Term Vacation Rental Home
4. Testimonials
Nothing speaks louder to a potential prospect than the voice of another satisfied guest. If you are not utilizing testimonials on your website/blog than you are missing out on a large market of people. Encourage your previous guests (the satisfied ones) to go onto your website/blog and leave you a testimonial on the testimonials page (which you should have in place already). In all of your online advertising link back to this page so people can read them.
5. Love Your Competition
Who says you have to compete with the competition? There is more than enough business to go around for everyone and there is also power in high numbers. Get with other owners of properties in your neighborhood and link your websites up. What’s great is that they may have guests that are looking for specific dates that they already have booked but guess what, their “buddy” up the street has availability. Many Orlando vacation home owners have even started neighborhood websites where all owners within the community advertise their home and they market the site together.
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Looks like Nature's Own has partnered with Reunion Resort in Orlando and will be giving one lucky family a pretty sweet family vacation. Check out what the lucky grand prize winner wins:
Reunion Bank Owned Property List
1. Round trip airfare for up to twenty (20) people from the major commercial airport nearest the winner's home to Orlando, Florida
2. Three (3) Night housing accommodations (at multiple homes as necessary) for up to twenty (20) people (hotel taxes included)
3. One (1) family round of golf ("Event") for twenty (20) people on one of the three signature courses designed by legends Palmer, Watson and Nicklaus based on course availability
4. Unlimited bicycle rental use for the families stay
5. A family cookout catered by resort for up to twenty (20) with menu to be discussed with winner based on provided menu options from Reunion Resort's catering team.
Condo Foreclosures in the Reunion Resort
Oh yea and 10 First prize winners get a year's supply of bread. . . make sure you ask for the kind with no high fructose corn syrup!
So what are you waiting for, go to the website and register today and while you're here be sure to pop in and see The Pink Flamingo.
Schedule a Free Vacation Home Buyer Consultation
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The purpose of this post is not to knock management companies as their are a few good apples out there however, it's been my experience that property management companies should stick to what they do best and that's managing vacation property. Here are some of the issues I've ran into with homes that are listed by property Orlando vacation home management companies that also have a real estate side.
1. Scheduling Conflicts: I've never had more issues trying to get into houses than I have with ones that are listed with Orlando area management companies. It's inevitable for everyone that if your home is being actively booked there will be times it can not be shown however, the vacation home management companies I have had the pleasure of doing business with seemed much more concerned about the bookings than actually showing the home to prospective buyers. It seemed as though they only wanted to sell the home to their clients who were staying in it (they will make more money that way) than to expose the home to as many buyers as possible in order to get it sold quickly and for the best price. This is certainly not in the sellers best interest.
2. Not a Specialized Process: Yes many management companies have a real estate division however it is NOT their specialty. When it comes to selling an Orlando vacation home, marketing is one of the most important skills a real estate company/associate can possess. Aside from slapping an MLS print out of the property in their window and throwing the home up on their website (that doesn't get any traffic anyway) I haven't seen any vacation homes listed by Orlando management companies that are being marketed effectively, uniquely or heavily. A dentist and an orthodontist both work on teeth, however I'm not going to go to a dentist for braces I'm going to go to an Orthodontist. So should you with your Disney area vacation home.
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Your Central Florida Vacation Home Expert. Specializing in second home income producing investments for customers from all over the globe.
Hello! Buongiorno! Hola!
My name is Erica Muller and I'm a proud resident of Windermere, FL which is located about 15 minutes from the back entrance of Disney. What a magical place to live and raise a family! I've lived in Florida for over 25 years and have been practicing real estate here since 2002, specializing in vacation home investments for foreign nationals and out of state customers. I love to work with customers from all over the globe, I learn something new from each and every client and form solid relationships for life.
My specialty areas are from Windermere/Winter Garden south to Davenport and the Kissimmee areas. I work mainly with foreign national investors looking to purchase a second home near Disney World for either holiday use or investment. I also work with out of state investors and families looking to purchase a vacation home in Florida.
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