Vacation Rental Property: Tips for Success and Profit in Orlando, Florida

Vacation Rental Property: Tips for Success and Profit in Orlando, Florida

In 2023, more than 74 million tourists visited Orlando, Florida. Orlando is one of the top places for vacationers in The Sunshine State.

This leaves room for rental property investors to make some income. Rather than owning and running a residential rental, buy a place for vacationers.

To make your vacation rental profitable, there are a few key tips to follow. From detailed property listings to online presence boosting, property managers can help.

Keep reading to learn the top tips for success and profits.

Create a Detailed Property Listing

A vacation rental property listing can impact how many bookings you receive. Your listing should describe everything from the price to the amenities. A listing should always have professional photos of the property.

Vacation seekers will look for accuracy and professionalism. The more they trust you, the better. You'll be able to charge more for a great vacation rental and build brand loyalty at the same time.

All of these components together will attract more vacationers. Be sure to update your listings as necessary. For example, you might want to change up your description based on the season.

Don't Overprice Your Vacation Rental Property

A vacation home might not always have the same pricing throughout the year. It's important to stay on top of your pricing strategy to receive maximum rental income.

For instance, in the slow season, your vacation rental will need to be less expensive than it would be in the high season. Otherwise, you might deal with vacancies that impact your passive income.

A property manager will help you analyze data points for your short-term rental to find a fair price. By looking at competitor prices, demand, and local events, a property manager can advocate for a price that will make you money.

Boost Your Online Presence

When you hire a property management company to help with your vacation rental, you get an automatic online presence boost. You'll get an additional place to share your rental listing.

You can build authority by posting your listing on websites that are already trustworthy. It's beneficial to create your own direct booking website as well.

Refer visitors to your website to start building brand loyalty. When guests book with you directly, you can get their emails to market to them in the future.

With an email address, you can send booking offers and seasonal discounts to previous guests. You may be able to secure income each year from the same guest.

Work With a Property Management Company Today

Orlando, Florida is a top spot for vacationers. If you have a vacation rental property that needs more renters and fewer vacancies, a property management company can help.

PMI Orlando MyPlace is a full-service real estate asset management company providing professional services to landlords like you. We can help you reach your financial goal and exceed expectations.

Our honest and dependable team has a wide range of industry knowledge. We use the latest trends to improve your rental strategy.

Ready to partner with the pros? Contact us today to get started.