Which Type Of Rental Produces The Best Rate of Return

Vacation rental or long-term rental properties produce income, but how much and which type produces the best rental income? This is a question many Florida property owners might ask when they want to rent out their properties. Finding a reputable long-term property management company in Orlando, FL, is often a matter of interviewing a few companies and finding one you like. You might have a long-term rental and are unhappy with your property management and its style. Our systems have been tried and tested for over thirty years, and we’re still giving our rental homeowners and tenants excellent services. Ultimately, you want to find an Orlando property management company that benefits you and your tenants.

Should I rent my home to short or long-term tenants?

Regarding long-term property management in Orlando, FL, you might want to look at some of the city’s demographics. The Orlando metro area is considered one of the most desirable places to move to in Florida. Buying a rental property near Walt Disney World will attract people to Orlando for family vacations. The mild weather in Winter from late November to March is popular with the snowbirds. If you haven’t heard this term before, this applies to retirees that want to escape the northern winters and spend a few months in the sunshine state. If you’ve bought a vacation rental property and are retired, this type of rental would suit you when you want to use your rental property in the Winter months. Most vacation rental homes stay busy during school holidays, generally from Easter to September. If you use your home outside of this period, it’s a win-win for you if you can pay cash for your home, all the better, as having no mortgage lowers your running costs.

Short-term tenants can bring in quick income and have more expensive running costs. Long-term tenants can provide a steady income, and a family lives there year-round. This makes your home a true investment property. Some people consider buying an investment home and using it as a long-term rental with the hopes of retiring to Florida one day and living in their home seasonally or year-round. Think about your family’s needs and preferences. How many properties do you own, and what kind of properties are they? For example, you might own several homes in Orlando, Kissimmee, Davenport, or Clermont you might have a mixture of long- and short-term rental properties. You should hire a professional property manager to look after your investment properties in this situation.

How do I find a long-term property manager I like?

A company’s reputation is crucial when choosing a property management company for long-term property and rental. McCormack Realty & Renters Choice Homes have been in business for over thirty years in the areas of Orlando, Kissimmee, and Davenport, FL. McCormack Realty & Renters Choice Homes provide long-term property management services such as background checks, employment verification, and credit checks. Learn more about tenant screening https://renterschoicehomes.com/tenant-screening-101/

Both tenants and property managers love the long-term property management services that McCormack Realty & Renters Choice Homes provides. Call us and find out why we’re the number one choice for long-term rental sales in Kissimmee, Orlando, Davenport, and Clermont. Check out our reviews from tenants and property owners on Trustpilot, Facebook and Google, or click the link below. https://www.trustpilot.com/review/renterschoicehomes.com

A Selection Of Reviews From Rental Homeowners and Tenants

“I’ve been living in a rental from this company for five years now, and it’s been the best living situation ever. They are quick to respond, easily fix problems, and are very understanding. I can’t suggest a property from this company enough!” – Dawn M., tenant.

“I cannot rate McCormack Realty & Renters Choice Homes highly enough. Anne-Marie, Nicole, Nick, and the team provide excellent customer service. They are friendly, efficient, and always ready to answer your questions, advise and assist you. They have managed our property for the last seven years and I can honestly say you will not find a better company to look after your property. Highly recommended.” – Deborah D., property owner