As extended families increasingly travel together for vacations, the demand for vacation homes in Orlando and Central Florida has skyrocketed. With an abundance of affordable land in Osceola, Polk, and Lake counties, real estate investors from around the globe have recognized the potential of owning vacation rental properties in this thriving market.
Unlike timeshare properties, where ownership is limited to a fraction of a unit within a highly regulated system, owning a vacation home provides complete flexibility. Homeowners can choose how they manage the property—whether by handling bookings independently, hiring a property management company, or simply using the home for personal getaways as often as they like.
What to Look for When Purchasing a Vacation Home
If you’re considering investing in a vacation rental home in Orlando, here are some key factors to keep in mind:
- Proximity to Theme Parks – Homes within 10 minutes of major attractions, particularly Disney World, are the most desirable.
- Short-Term Rental Zoning – Ensure the property is in a county and community that allows short-term vacation rentals.
- Private Pool & Spa – A screened, heated swimming pool is a must-have for vacationers, and a spa or jetted bathtub adds extra appeal.
- Low-Maintenance Design – Opt for durable materials like tiled floors instead of carpets to simplify upkeep.
- Privacy & Views – A home with a private yard, conservation views, or a water feature is more attractive to renters.
- Single-Story vs. Two-Story Homes – While multi-story homes provide more space, single-level properties may appeal more to families with elderly guests or those with mobility concerns.
Property Management vs. Self-Management
After purchasing a vacation home, owners can choose to manage the property themselves or hire a professional management company.
- 24/7 guest assistance for any issues
- Routine property inspections
- Arranging maintenance and repairs
- Key distribution and security management
Rental Management Services May Cover:
- Marketing and booking services
- Handling guest check-ins and payments
- Cleaning and property turnover after each stay
Owners can opt for full-service management, where the company handles everything, or partial management, where they secure their own renters but use a service for maintenance and guest assistance.
Setting Up Your Vacation Home Rental Business
Before renting out a vacation home in Florida, owners must comply with state and county regulations, which typically require:
- A Sales and Use Tax Number (State of Florida)
- A County Sales Tax Number (Local jurisdiction)
- An Occupational License (Annual fee)
- A Hotel License (Annual fee)
- IRS Tax Identification Number (TIN) for foreign investors
Ongoing Expenses to Consider
Owning a vacation rental comes with recurring costs, including:
- Property management fees
- Homeowners’ association dues (if applicable)
- Pool maintenance and lawn care
- Pest control
- Utilities (electric, water, trash pickup, cable)
- Cleaning fees between guest stays
- Property taxes and insurance
Is Owning an Orlando Vacation Home Right for You?
With Orlando’s strong tourism industry and the ever-growing demand for Vacation Homes in Orlando and near Disney, investing in a vacation home can be both financially rewarding and personally enjoyable. Whether you’re looking to generate income or simply have a vacation retreat of your own, this booming market offers plenty of opportunities for savvy investors. Vacation Homes: Deal or No Deal?
