posted by orlandovacationhome on Nov 15
Cheap Orlando Vacation Homes
Vacation homes in Orlando have become a cheaper commodity. It is estimated there are 35,000 +/- vacation homes in the area. Many of these vacation homes are often unoccupied.
Expect the Orlando vacation home rental rates to drop further for the following reasons:
- Many current owners are now cash strapped and are willing to rent their homes for less
- As the recession sets in, less people are visiting driving demand down to rent these homes for their Orlando vacation. Please see our POST on this topic.
- There are large amounts of these vacation villas entering foreclosure and are being picked up for a fraction of their original price, thus the new owners can rent them out more affordably.
Many of these expansive villas can now be rented at a lesser price than most cramped hotel rooms.
Don’t be afraid to shop around for vacation villas in Orlando, and feel free to ask a lot of questions. Remember, all vacation villas and vacation home management companies are not created equal, so do your homework.
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posted by orlandovacationhome on Nov 12
Selecting the right Orlando area vacation home management company is a critical factor for having a great Orlando vacation. As we have established, when you do business with the right vacation home management company, your experience will and can be superior to that of staying in a hotel. Because this aspect is so important, here are a few more quick tips on choosing the right vacation home management company in Orlando:
- Call the Orlando vacation home management company directly- This will give you a feel of the type of customer service the company offers. Are the individuals that answer the phone courteous, professional and knowledgeable? Are you treated like a number or does the staff really try to make suggestions based on your Orlando vacation villa rental needs?
- Homeowners are not always the best source for directly booking an Orlando vacation villa rental - This often is the cheapest route in terms of rental rate, but if something goes wrong, an owner may not be in town to help you. So if renting by owner, do your homework. If they do not have staff personnel to respond quickly and often the quality assurance of your stay could be in question.(see other related blog posting on this topic).
- Better Business Bureau Linkage - Look for the BBB sign on the Orlando vacation home management company’s website. You should be able to click on the logo and see the company’s history with vacation home consumer comments. Without this important feature, the vacation villa management company may not be fully disclosing its operational history.
- Other Affiliations – Look for the vacation home management company to be well established and be members of various other professional organizations in their area. Often these affiliations are clearly shown on their web site.
Again, there are lots of vacation home management companies in the Orlando area. If you do a little shopping of Orlando vacation home reviews and ratings on this blog, you will greatly increase your odds of having a great Orlando vacation home rental experience with no surprises. Chances are that your overall Orlando vacation will be positive as well.
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posted by orlandovacationhome on Nov 11
If you are visiting Orlando Florida and looking for a vacation villa rental, there is great news. There is a huge oversupply of Orlando luxury vacation homes for rent. This means deals to be had abound for your Orlando vacation. For about the price of a mid-market hotel room, you can rent a fully equipped vacation villa home with your own private pool and do as much self-catering in a full kitchen as you like. This would certainly help you cut down on your dining and entertainment bills. Thousands of homes were built over the last ten years, and now many owners need to rent them. On any single night in Orlando, many of these homes sit empty.
Occupancies Dropping
In Orlando, the hotel industry will be the first to tell you their occupancies plunged in September 2008 over 2007, with room revenues dropping by as much 20-25%.
Many Owners Need to Rent
Many vacation homeowners are now feeling the pinch of the housing crisis, and many of the speculators who bought now need to generate additional income to the pay the mortgage.
What does this mean to you, the renter?
You need to rent through a good Orlando vacation home management company. Booking direct from an owner can be hazardous, as often they are from out of state, and if there is a problem, you are often on your own. Also, the Orlando villa could be in some stage of foreclosure and a good vacation home management company can make sure your villa is still available, clean and inspected the day you arrive.
- Shop around. There are thousands of Orlando villas and hundreds of vacation home rental management companies. Make sure you rent a good home, get a great deal and stay in a great location for your Orlando vacation.
- Always pay by credit card.
Orlando Vacation Homes - Great Deals for Renters!
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posted by orlandovacationhome on Oct 12
Renting an Orlando Vacation Home Rental in the Foreclosure Crisis – 10 Tips
Orlando vacation home foreclosure
Vacation homes sold quickly during the Florida real estate boom when demand in many cases was overwhelming.
Renting an Orlando Vacation Home - In Foreclosure?
Now demand appears to be significantly less than supply. Many homes are now bank owned or in some stage of foreclosure, so before renting a home rental, you may want to consider:
- Try and book the home rental as close to your travel date as possible.
- Ask if the home you are reserving is behind on its mortgage
- Ask how many homes in the subdivision have been abandoned
- Ask what percentage of the development you are staying in contains vacant lots
- Ask if the community facilities have been completed
- Ask what percentage of homes in the community have overgrown lawns
- Pay by credit card only
- Use a reputable rental management company. If a home they manage is repossessed, they have others.
- If booking direct from an owner, you must be able to verify the rental home will not be repossessed by the bank by the time your stay comes around.
- If in doubt, keep asking questions. There are hundreds of management companies handling rental homes – so pick a good one!
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posted by orlandovacationhome on Sep 12
Always do your homework. There are hundreds of management companies and picking the wrong one can be costly. Here are some questions you may want to consider asking:
- Are they licensed and do they have proof of licensure?
- Are they insured and do they have proof of insurance?
- How long have they been in business and do they have proof of that experience (references, etc…)?
- How many homes do they manage?
- Do they have a physical office and where is it located?
- How will they market your house to potential renters?
- How many full time staff do they have?
- Do they contract out and markup pool service, cleaning, landscaping and general maintenance or do it themselves at cost?
- Do they have a system that an owner can access and view when the home is booked?
- Do they have a system where I can view my account and property maintenance?
- What is the average occupancy of homes they have managed for 3 or more years?
- What type of preventative maintenance will they do on my home?
- Do they make a profit off repairs and maintenance?
- How is my home inspected and maintained?
- Will they guarantee a minimum net rental income in writing?
- Are they also real estate agents?
- Are they registered with the Better Business Bureau?
- Do they have 24 hour customer service?
- Can they provide you with a dozen references (of other home owners) for you to call?
- What type of quality assurance do they offer and how is it communicated?
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