If there’s one thing that you can count on in Florida in January, it’s that there will be many, many visitors. Whether they are Snowbirds vying to escape the cold winters up North, or those who want to visit world-class attractions for a week or two, you can plan on numerous visitors from around the globe. Regardless of who these visitors are, though, they will all likely need a place to stay while they are in the Sunshine State. And, while you might want to focus more on longer-term tenants with your rental properties, there can be a number of nice benefits to going the route of short-term stays.
One of the biggest reasons for this is because renters who only plan to stay for a short period of time will typically pay(in some cases, much higher) amount of rent. As an example, if you own a home or condo that is near the theme parks and / or other points of interest in Central Florida, you could command a nice four-figure rent for just one week, as versus that same amount (or less) for an entire month with a long-term tenant.
In addition, you may also be able to charge for other items, such as a cleaning and / or administrative fees. Here, too, renters will oftentimes anticipate these charges, which can provide you with additional money in your pocket.
Regardless of whether you seek long- or short-term renters, though, managing any type of rental property can be time consuming. But the time that is spent doing so does not necessarily have to be yours.
By working with an experienced Orlando property management team, you can easily delegate tasks such as management and maintenance of your investments – which allows you to focus on other things.
If you own investment property in Orlando and / or the surrounding Central Florida area, then give Central Florida Property Management a call today!
