3 most valuable tips for owning an STR in and around Orlando.

[Ryan Marble]

I'm just starting in the STR market in the Orlando and Tampa areas and was wondering what all of you experienced vacation rental investors would say are the 3 most important tips or advice to running a successful/profitable vacation rental in these areas? Thanks in advance!

[Alice Horn]

Quote from @Ryan Marble:

I'm just starting in the STR market in the Orlando and Tampa areas and was wondering what all of you experienced vacation rental investors would say are the 3 most important tips or advice to running a successful/profitable vacation rental in these areas? Thanks in advance!

Good morning @Ryan Marble!

Orlando and Tampa are very different markets, so here are my top 3 tips for Orlando. As property managers, we see up close on a daily basis which properties perform best and are the most popular with guests…as well as the ongoing challenges.

1. AS with any RE investment identify the top locations. Our tourists prefer gated communities with great amenities, not too far from Disney - Windsor Island, Solara, Windsor at Westside to name a few. Also remember to consider the positioning within the resort - does it have a lake or forest view? Near the clubhouse? Etc.

2. Great theming. Check Airbnb listings to see what’s booking - you’ll notice lavish game rooms, bunk beds with slides, murals, etc. Make sure the home has quality furniture and items that don’t fall apart in a few years. We can help you find the right decorator if needed.

3. 6-8 Bedroom house with pool and spa. Others may tell you to go larger, but we find the most consistent bookings for this size. A pool is a must, pools with spas book better.

Many will tell you Orlando is saturated, which it is. It is also the top tourist destination in the US, and it is a year-round market with fairly consistent performance year after year. If you have the right type of home, it will book well.