SHORT TERM RENTAL PROPERTIES IN AND NEAR ORLANDO
BUYING A PROPERTY FOR SHORT TERM RENTAL IN FLORIDA - Life International - USA prides itself on obtaining a high rate of return for their clients once they have decided to invest overseas property. This is just one such example.
Click here if you would like a short term rental on your next visit to Orlando.
RENTAL RESTRICTIONS when buying a property in Orlando:
BUYING A PROPERTY IN FLORIDA Can be the fulfillment of a dream. Excellent & inexpensive restaurants, low cost of living, all year round good weather and beaches, endless entertainment, and cultural and sporting events. Whether you just want to spend a few weeks or a few months Florida offers countless possibilities and truly fantastic property prices .
However even though owning a vacation home can be a very pleasant experience it is not a decision that should be taken lightly.
There are many facets to consider in owning a vacation home, such as the everyday maintenance of the property, marketing and advertising of the home, the servicing of clients needs and the costs involved.
There are also many regulations that the home has to comply with and an owner should never lose sight of the fact that the State, County and sometimes City administrators will view the home as a Business and will regulate it as such.
Firstly, you need to confirm that the property you buy can be rented on a ‘short-term’ basis.
Rental controls were introduced many years ago as a way of protecting the hotels in the area from unfair competition. There are four major counties covering the majority of Orlando. They all have a different approach to Zoning:-
Orange County: Has 30 day minimum rental restrictions, except where exempt, (such as Disney and hotels). This means you cannot maximise rental returns and must rent for more than 30 days at a time.
Osceola County: Has recently introduced rental restrictions. But there are many exceptions that protect current and past investors.
Lake County: Is currently allows short term rental and has no current plans to introduce any sort of restrictions. It is currently under developed.
Polk County: This county is encouraging investment and major developments are being built and planned up to 15 years in advance. Road, Rail, Water, Power, Gas and Telecommunications are all being updated to cope with the massive increase for demand. This is an ideal county to invest in, and very close to all attractions and major roads.
The correct zoning must be applied to your community where you buy.
The Map Below shows you where the Orlando short term rental countries are located
IF YOU WISH TO RENT YOUR PROPERTY YOU SHOULD ALSO CONSIDER:
The property should not be more than 30 minutes from Disney and other attractions in order to maximise rental income.
Repeat rentals and referrals are an excellent source of business. Therefore your property should offer a good quality furniture package, swimming pool, good location, resort facilities and good customer service. These can help them to want to return again and again.
· Our agents are fully licensed to sell property anywhere in the State of Florida
· This means that they are regulated by the Florida Real Estate board
· This means that you can buy with confidence.
· Our Legal duties under Florida Licensing Laws are the following:
· We always act on your behalf, to ensure the best possible purchasing terms.
· We do our best to ensure a problem free purchase and constantly monitor your contract through to closing.
· We offer our best possible advice with regards to rentals, location of home and best type of property to purchase.
· We take rental returns and property appreciation into consideration.
ADDITIONAL SERVICES WE OFFER OUR CLIENTS
We help you to open a US bank account at one of the large US banks such as Wachovia, SunTrust or Bank of America. This normally takes 1 hour and a minimum of $100 deposit to ensure free banking.
When you are happy with your choice of property, you to go to “contract”. This secures the property at the agreed price and removes it from the market. At this point you will need to put down a deposit, normally 10% of the purchase price, so remember to bring either cash, Banker’s Draft or travellers cheques with you when you visit.
Once this is done you have 14-30 days (subject to negotiation) to transfer the balance of the purchase price. If you are buying with a mortgage you will need to complete the application and transfer the required deposit before you complete the sale.
CHOSING YOUR ORLANDO RENTAL PROPERTY
At the end of the day it is imperative for a prospective purchaser to take proper advice regarding the suitability of an individual property purchased for short-term rental. We are qualified and in fact, obliged to give free and impartial advice regarding all the above considerations. If rental income is an important aspect of your Florida property purchase then you should only consider the communities and areas where the appropriate zoning is in place.
CONTACT US NOW TO SEE OUR FULL RANGE OF SHORT TERM RENTAL VILLAS IN ORLANDO
sales@life-international.co.uk