Investment properties used to be homes and multi-family properties used for full time rentals. Over the past decade, we’ve seen a new crop of investment properties emerge, the short term rentals. Davenport, Florida offers the investor some wonderful opportunities to profit from the short term rental market. Davenport is centrally located close to Walt Disney World and other popular Florida tourist destinations.
A short term rental is a great investment for a number of reasons. In addition to creating annual income for the investor, the property could also appreciate in value during the time of ownership. Although the short term rental is still a rental property, it often pencils out to much higher income than a traditional long term lease does.
The Internet has been instrumental in the new vacation economy as peer-to-peer platforms like Airbnb, VRBO and HomeAway offer visitors the ability to interact directly with the owner. By reducing the advertising costs, investor-owners, can negotiate directly with potential renters and screen them to prevent possible problems.
Short term rentals appeal to a variety of travelers. It’s not just the budget traveler who seeks out a private property to rent. They have become more common for corporate retreats, family reunions, multi-family trips and anyone who enjoys a relaxed environment. Properties with pools are particularly popular.
Working with an Investment Savvy Real Estate Agent is critical to finding the right situation for your investment property. You must consider the location, the neighborhood, the homeowner’s association rules, if any, and the potential income and appreciation. Your agent can also help you research the insurance needs, property management and advertising options for your new investment. By building the right team, the investor can easily add a short term rental to their investment portfolio. Davenport, Florida is central to so many Florida destinations, that it’s a perfect location for the short term rental.
Author:Karol Alvarenga Phone: 321-201-5318 Dated: May 20th 2016 Views: 570 About Karol: Check out my Website: http://karol.exitrealtych.com
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