If you’re looking for the best vacation property management in Kissimmee, FL, there seem to be plenty of choices. After all, Florida is a second home to many people from all over the country who wish to escape from colder climates, especially in the Midwest and Northeast. Today, we’re going to discuss what it would look like to rent out your vacation home in Kissimmee, FL, as a long-term rental and who you should trust to manage your property.
Should I rent my home to short or long-term tenants?
Florida welcomes both seasonal visitors and those who want to make the state their home. The business-friendly climate of Florida along with no state income tax makes it a haven for those seeking to avoid the high costs of living in other states. Therefore, you even if you own a short-term rental you may find that long-term tenants are interested in renting out your vacation property in Kissimmee, FL as a long-term rental.
Short-term vacation rentals are also typically treated like a party pad. Even if your home is listed at a more expensive rate and marketed to attract guests who would treat it with care the reality is that most people see AirBnB and VRBOs as a place to crash and take no ownership of the property. After all, if they break something they are only on the hook for a small deposit.
Renting your home to short-term tenants may guarantee income during the peak tourist season but if you need a stable and reliable source of revenue outside of the peak tourist season, which is usually between late November and April long-term rental properties are your best bet.
What are the advantages of owning long-term rentals?
Owning a long-term rental in Kissimmee, FL, as mentioned previously, is a great way to get the most out of your investment property. You can have McCormack Realty & Renters Choice Homes manage your properties. Having a reliable property management company manage your Vacation Property Home in Kissimmee FL as a long-term rental can give you peace of mind because you know someone local has your best interest in mind as they are choosing tenants and maintaining your property. In addition to the steady stream of income that comes from a long-term rental, the costs of maintenance and upkeep should be lower during the lease as well.
McCormack Realty & Renters Choice Homes has over 30 years of experience in the Kissimmee, FL market and is also based in Kissimmee, FL. They are also present in the cities of Orlando, FL, and Davenport, FL if you own an investment property in these cities as well. Let McCormack Realty & Renters Choice Homes manage your investment property for you if you would like an excellent property management experience for both owners and tenants alike.
What are the disadvantages of owning short-term vacation rentals?
Owning a short-term vacation rental has disadvantages. You might not be able to control the quality of your tenants and you are not guaranteed long and sustained sources of income outside of the peak tourist season. This can also be time-consuming as you might be dealing with various tenants in a short period of time. This can also have an effect on repairs and maintenance that might be needed between tenants.
If you do own a short-term rental and want to maximize the income of your investment property, we suggest converting it to a long-term rental. McCormack Realty & Renters Choice Homes is an ideal property management experience for you as an owner and your tenants who are looking for a home they are proud to rent. While we do not offer short-term rental services, we have over 30 years of experience in the Florida market in cities such as Kissimmee, Davenport, and Orlando.
Are you looking at a short-term vacation rental or a long-term one? What else do you want to know about short-term vacation rentals or vacation property management in Kissimmee, FL? Let us know in the comments below how we can help.