Congratulations! This is an excellent way to have a vacation home, build equity for the future and set yourself up for major stress. Yes I said major stress. It is not all glitz and glamour! Trust me, it isn’t as easy at it sounds. Owning a Florida vacation rental property is not something to be done by those that are faint at heart. It isn’t as simple as purchasing a FL home or condo, furnishing it and booking rentals… That is the fun part of the process. You have property management, regular maintenance and the supervision of the property. I know many who start out renting their vacation home, only to decide to sell because it was too much work.
There is the management of the property that can be the stumbling block to a successful Florida Vacation Rental. I know because my son’s father does this on Marco Island. He has several homes that they manage and it a lot of work. They have it down to a science. Their website not only allows potential renters to see the houses they have for rent, but they can book on-line and the back end of the system manages the process for them. They also have had to rush down to Florida to handle issues that arise, and have gone through many property management companies before they had the right supervision on their homes.
They are the exception. Most people are not prepared for the realities of owning a vacation rental home in Florida. If you would like more information on purchasing a vacation home in Florida and renting it out, please give me a call. I would be happy to assist you in finding the right resources so you can be successful!
Thinking of selling your Erie County home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.
Our Featured Homes for Sale:
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2011 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
