The real estate market is one of the most traditional branches of investment and that each year demonstrates its growing potential to generate high yields.

With this in mind, a highly secure and profitable investment strategy is seasonal rentals in Orlando.

This category of business presents itself as a very accessible application for foreign investors.

Orlando is a city known worldwide for being a place that offers many entertainment options for its visitors, which is why it receives a huge amount of tourists every day.

This makes the holiday home rental market always hot.

Thinking of presenting in a clear way this branch of investments, we will explain in this text how the market of vacation rentals in Orlando works.

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Orlando city attractions

Orlando is one of the cities that receives more tourists around the world because it is an extremely pleasant and fun place to visit.

The city is beautiful, organised and has a great infrastructure, and its tourist attractions are not limited to the Disney parks.

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The city offers entertainment options for all ages and audiences.

There are several amusement parks, museums, restaurants, parks with outdoor activities and many other possibilities.

But it is certain that the most visited tourist attraction is Disney World.

After all, it is the largest entertainment complex on earth and offers its visitors a true world of magic and fun.

But besides Disney, there are other amusement parks in the city, such as SeaWorld, Universal Studios and Islands Of Adventure.

Museums are also much-visited places, and the options are varied, such as the Orlando Museum of Art, WonderWorks and the Madame Tussauds wax museum.

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Orlando property market

For a long time the real estate market of the entire state of Florida, but especially that of Orlando, has presented itself as a great business opportunity.

This is due to several factors, ranging from the large number of people who wish to live in this city because of the benefits it offers, to the economic policies adopted by the local government.

As a result, property prices have risen by around 38% in the last five years, with growth of 7.9% in 2020 alone.

This rise in prices has been happening for more than 108 consecutive months and there is no forecast of falls, but, on the contrary, the tendency is for this sector to continue growing.

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Where to stay in Orlando

People who go to Orlando have a variety of options for accommodation, each catering to the tastes and needs of each category of tourist.

Hotels usually appear as the first option when we think of temporary accommodation. They basically offer a structure containing room and bathroom that most people already know.

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Another option are the resorts, which are hotels that also offer leisure and entertainment facilities, such as a gym, swimming pool, sports courts and spaces for recreation.

Many people, however, rent houses to stay during their time in Orlando, as they offer more privacy, comfort and can accommodate a larger group of people.

In this way, this is a business that, although consolidated, is still expanding, being an investment that presents a great profit margin.

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Holiday rental in Orlando

Given this favourable scenario, it is clear that investing in a property to rent in this city is a great business and you still have at your disposal a vacation home in Orlando for when you need it.

But before you start investing in this branch, read carefully the tips we have listed below, so that your investment has greater opportunities to offer an excellent return.

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Have a business plan

Before you start investing, study the possibilities, seek out experts and draw up a business plan.

One of the most common mistakes made by people who start investing in real estate is to skip the planning stage and start the business without proper preparation.

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It is necessary that you treat this investment as a business.

Therefore, to achieve success one must obey all the necessary steps and the first of these is organisation, being clear about the goals to be achieved and the path to reach them.

Don't forget that every business needs a cash fund, set aside an initial sum so that the business can maintain itself for a certain amount of time.

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Offer a pleasant place for future guests

After outlining your business plan and buying the property that best fits to reach your objects, it is necessary to prepare the residence so that it accommodates your guests in the best possible way.

At this stage it is necessary to worry about the decoration of the house and make sure that the place has everything necessary to meet the needs of the people who will spend some time living there.

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It is important to pay attention to items such as: lamps, hangers, curtains, can openers, cutlery, etc.

Remember that guests are the customers of your business and offering a good experience is key to success.

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Set a balanced price

It is necessary to make a deep analysis to define the value of the rent of your property.

Very high prices can scare customers away.

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However, too low a value can make the business unviable and attract an unwanted audience.

Don't let issues such as your attachment to the property or your current financial situation affect the value of rents.

Remember, this is a business and the price should consider the market situation and the sustainability of the venture.

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Details of the investment process in the Orlando holiday home market.

In our blog there is plenty of relevant information about the process of investing in the property market.

Below we have separated important points that you need to know if you want to invest in the holiday home sector and profit with holiday rentals in Orlando.

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vacation home IN ORLANDO - How to make a PROFITABLE INVESTMENT (earn in dollars)

BUYING A REAL ESTATE IN FLORIDA - FIRST STEP

Ways to pay - How to buy a FINANCED HOME IN FLORIDA? And cash?

5 best communities holidays in Orlando and region.

6 reasons that will make you invest in Florida's real estate market.

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That was our quick investor's guide for those looking to get started in the vacation rental business in Orlando.

If you are interested in this category of investment and wish to know more details, Selecta Realty is the best option to assist you in this business.

We know all the details of the Orlando real estate market and can find the best opportunity for you, according to your plans.