Team Donovan Blog - HOA

What to Look for in an HOA's Rules

Homeowners are creating new sources of income through the short-term rental of their vacation homes. They maximize the value of their investment and reduce its total cost over time. 

But home buyers need to understand the homeowners association (HOA) rules that apply when purchasing Orlando vacation homes for sale in Florida. 

When is Commercial Use of Your Home Allowed? 

Your HOA’s Declaration of Covenants, Conditions, and Restrictions (CC&R) provides information related to the rental of your second home. 

Many CC&Rs include an outright ban on any commercial use of your home. These are put in place to reduce issues such as unfamiliar traffic, noise disruptions, and security risks. 

But a blanket ban on commercial use may not include a…

Orange County Now Allows Short-Term Rentals... with Conditions

Orlando vacation rental homes and their unique amenities have fueled the growth of the local short-term rental industry. Online rental platforms like VRBO and Airbnb let homeowners market their properties to a larger audience. 

Many cities like Orlando have seen an increase in the number of vacation rental homes. As a result, they’ve implemented regulations that home buyers need to be aware of before investing in a short-term rental property. 

Knowing what type of vacation home you can buy in Orange County helps you choose the right property and get the greatest return on your investment. 

The Growing Orlando Short-Term Rental Market

Orlando, the county seat of Orange County, has regulations in place that direct how rental properties…

5 Mistakes Investors Make when Buying Orlando Real Estate

Orlando is a popular area for real estate investors who want rental income because it’s one of the top U.S. tourist destinations and the theme park capital of the world, thanks to Walt Disney World, Universal Orlando, and Sea World. More and more holiday travelers are opting to rent vacation homes instead of staying in hotels because they are less expensive, and you often get just as good, if not better, amenities. 

The area is a popular draw for investors from overseas, especially the U.K. But buying a property from such a great distance can be challenging, especially if you’re attempting to do it on your own. If you make a decision solely on price, for instance, you may find yourself in big trouble. Orlando has many excellent areas for rentals and…

How an HOA Can Benefit Your Property Investment

Many home buyers hear the term HOA (Homeowners Association) and cringe. That's because the media has often portrayed HOAs as the "bad guy" because of their fees and efforts to "police" the neighborhood. But when you buy a home in an Orlando neighborhood that is covered by an HOA, your property could actually benefit in several ways. Here are a few reasons why. 

What is an HOA? 

A homeowners association is a private group formed by a community’s real estate developer to manage and keep the peace in the neighborhood. The members of the HOA live in the community, so they have a vested interest in maintaining a high quality of life for the homeowners and its tenants. 

An HOA collects monthly or annual fees from the homeowners to cover services and…

Where to Find Short Term Rental Vacation Homes in Orlando

Are you interested in buying an Orlando vacation home that you can rent out for a month, a week or just one day? Many travelers to the area find that renting a fully furnished single-family home is more affordable than staying in a hotel. As the owner of a vacation home, you can apply that rental income towards your mortgage payment or use the additional income as you see fit.

(STR) Short-Term Rental Near Disney

The best place to look for a short-term rental vacation home to buy is near Walt Disney World in Lake, Polk and Osceola counties. It makes sense if you think about it. Most visitors to Orlando come for the theme parks, so it’s only natural that they would want to spend the night nearby. It's important to be aware that not every Home Owner…