Orlando Ranks #2 for Best Places to Own an Airbnb Rental Home

Vacation rental homes have become the first choice for today’s travelers. They offer a more inexpensive, comfortable, and convenient option when compared to hotels. As a result, the short-term vacation rental market is booming with Airbnb, VRBO, and other online rental platforms fueling its growth. 

Homeowners are creating new sources of income by renting their properties online, and in a new survey by Realtor.com, Orlando ranked second among the best places in America to own a vacation rental home. 

But new regulations in Orlando and other cities are limiting short-term rental home investment. That’s why buyers are looking at Davenport vacation homes, since this community is ideally located near Walt Disney World – the favored destination of vacation travelers worldwide. 

Understanding where and how you can use your vacation home helps you choose the right property to get the highest return on your investment. 

New Vacation Rental Regulations 

Short-term rental home regulations are a response to concerns from community residents, hotels, and local landlords. Communities often object to renters who don’t respect the surrounding neighborhood. 

Landlords and property managers face many risks when tenants rent their units to travel guests. Tenants often ignore policies already in place that prohibit using their units as short-term rentals. As a result, cities like New Orleans, Las Vegas, and Washington D.C. are taking steps to prohibit or restrict short-term rentals in their communities. 

Orlando city ordinances require homeowners to obtain a license to rent their homes on a short-term basis. They must pay a fee and only rent bedrooms in homes in which they live. This prevents outside investors from purchasing homes exclusively for short-term rental use. But Orlando’s popularity makes it a premier location for home investors, and the new regulations don’t have to limit your ability to buy a short-term rental vacation home. 

Davenport Vacation Homes Offer a Profitable Real Estate Alternative 

Davenport and other cities near Orlando put residents and guests close to popular attractions like Disney World and Universal Studios. Best of all, home investors don’t have the same restrictions as they would if they were buying an Orlando home. 

Davenport is also one of the most popular travel destinations for people making their way to Florida. In addition to its proximity to popular tourist attractions, Davenport offers the comfort and quality of living that travelers and residents seek.You can buy a home to use as a profitable short-term rental, a second home for your family, or a retirement home for the future. 

Davenport vacation homes offer luxury features and amenities at affordable prices. Renting your home to travel guests lowers its total cost while increasing its lifetime value. 

How to Get the Most Out of Your Short-Term Rental Home 

Orlando’s ranking as the second-best place to own an Airbnb rental highlights the area’s growing popularity. Buying a home in Davenport offers the same benefits without the short-term rental restrictions seen in Orlando and other cities. 

Choosing the right vacation rental home maximizes your return on investment. You want to find a home that has the features today’s travelers look for. The right location, design, and features contribute to the comfort and experience it delivers to your guests. 

Team Donovan helps today’s home investors buy and sell luxury homes in Davenport, Orlando, and the surrounding Central Florida area. We can help you determine the best options for securing a home that creates additional income to support your financial goals. If you want to learn more, contact us for a free consultation at (407) 705-2616. 

 

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