Short Term Rental (STR) | Page #2

Short Term Rental (STR)

The vacation rental market experienced a major downturn as a result of the ongoing COVID-19 pandemic. Travel restrictions have prevented would-be guests from out of state or other countries from taking their annual holidays in Florida.

On the other hand, local bookings from residents who want to get away for a few days without long-distance travel have risen.

Knowing how to manage local guests staying at Orlando vacation homes helps home investors take advantage of the market while doing their part to keep guests safe.

The Changing Short-Term Rental Market

Local travel is a safer option for residents who want an escape from the isolation and monotony resulting from local lockdowns and stay-at-home orders.

Vacation rental homeowners have…

Accepting a buyer’s first offer is something home investors typically avoid when selling their Kissimmee holiday homes. But in some situations, it may be the right choice to make.

Here are three reasons you should accept a buyer’s first offer on your home. Knowing when to use this strategy can help you close the sale fast while still getting a higher return on your home investment.

Reason #1: You’ve Found the Right Buyer

Sometimes, the right buyer comes along and makes it easy for you to accept their first offer. For example, an all-cash offer eliminates the need to wait on financing, and cash buyers won’t have many barriers getting in the way of buying your home.

If it’s not cash they’re offering, a buyer may have all the information you need…

Home buyers often try to get the most while spending the least when making offers on Disney villas for sale in Orlando and the surrounding areas. Lowball offers are one of the biggest hurdles home owners face when attempting to sell their properties. Knowing how to counter a lowball offer will help you get the most out of the sale of your vacation home.

Why are Buyers Making Lowball Offers on Your Vacation Home?

Realtors consider lowball offers to be any price that’s 20 to 25 percent lower than your listed selling price. Although, what constitutes lowball depends largely on the price of your home. For instance, a home owner would be more likely to dismiss an offer of $80,000 on a $100,000 home than a $1.6 million offer to buy a $2 million home.

The growing value of Orlando vacation rentals has made Central Florida a thriving market for real estate investors. But when it’s time to sell, homeowners can make mistakes when valuing their homes. Knowing how to value your Orlando vacation home will help you get the highest return on your investment.

How Most Investors Value their Orlando Vacation Homes

A home that’s occupied by its owner will have a different valuation when compared to vacation homes used for short-term rental income. Most homeowners look at similar properties in their neighborhoods to determine a fair market price. But this doesn’t provide an accurate assessment of your home’s value.

You can end up selling your home for too little, reducing your profits on the sale. Or, you…

Selling holiday homes in Orlando has always been easy given the demand for luxury homes in one of the most popular areas in the country. But these are no longer normal times.

The COVID-19 pandemic has impacted the economy and changed consumer behaviors in all industries. Real estate professionals are adapting to new concerns while protecting the interests of home buyers and sellers.

Selling your vacation home remotely is an option that foreign home investors can use if you’re unable to return to the U.S. during the pandemic.

Virtual Showings: The New Normal When Selling a Vacation Home

Virtual home tours aren’t new. But they’re becoming the new normal for real estate buyers and sellers. Open houses let buyers decide if your home is right for…

Avoiding capital gains taxes can be one of the best ways to maximize the return on your investment when selling a vacation home.

As we discussed in Part 2 of this series, there are steps you can take to reduce your tax liability, such as claiming your vacation home as your primary residence. But swapping an investment property for another can also help investors with vacation homes for sale in Kissimmee, Florida avoid taxes on their capital gains.

Work with a Qualified Real Estate Professional

Replacing your vacation home with another property isn’t as straightforward as it might sound. There are rules and regulations you need to follow. For example, you won’t be able to carry out the transaction with any broker or other professional who you have…

Capital gains tax is a factor that home investors in Central Florida need to consider when selling their Disney vacation homes. In part one of this series, we shared some of the ways you can reduce your capital gains tax liabilities such as by selling other assets, reduce your taxable income, and deduct common ownership expenses.

Making your short-term rental home your primary residence is another way to avoid most, if not all, capital gains taxes and get the most out of your holiday home investment.

Residency Requirements for Your Orlando Vacation Home

If you’ve been using your vacation home as a short-term rental property, you can start spending more time there as a way to make it your primary residence. Each state has its own residency…

Selling a vacation home can mean more money in your pocket. But as a home investor, you have to consider tax liabilities that can eat away at your profits.

In the United States, capital gains taxes may be applied when homeowners sell their Kissimmee vacation rentals. You can avoid the capital gains tax on your short-term rental home when you know what steps to take to minimize your tax liability.

Deduct Your Homeowner Expenses

When you own a vacation home, there are expenses you can deduct to reduce your capital gains tax. These include the interest on your mortgage as well as insurance and maintenance expenses. As a vacation home owner, it’s important to keep records of your expenses. You may need to show receipts or other records, such as an…

There are plenty of mistakes that today’s homeowners need to avoid when placing their Orlando vacation homes for sale on the market. If you want to sell your vacation home quickly while getting the highest return on your investment, the following are the top five mistakes to avoid.

Mistake #1: Getting Your Vacation Home’s Selling Price All Wrong

How you price your vacation home can influence how quickly it sells, and it can determine the profitability of the selling process. You’ll need to strike a balance between a price so high it deters buyers from considering your home and a price so low that you miss out on the return you can generate.

Having the expertise of a professional realtor can help you set the best price given the conditions of the…

Orlando’s theme parks are gearing up for holiday travelers this summer who make up the bulk of their business. This is good news for homeowners looking for travel guests to return to their Orlando vacation homes after a drop in the market resulting from the COVID-19 pandemic.

An approved proposal to reopen short-term rental homes is allowing homeowners to welcome back their guests. This is significant for the state’s economy because the vacation-rental industry generates an estimated $27 billion annually, according to a report by the University of Central Florida’s Rosen College of Hospitality Management.

Reopening Popular Theme Parks in Orlando

Universal Orlando’s water parks and theme parks will welcome guests starting on June 5. Universal…