Orlando attracted 74 million visitors in 2022; a 35% increase over 2021. Today, Orlando maintains its position as America's most-visited destination. With a short-term rental property, you can benefit from Orlando's ongoing tourism!
Maintaining property alone can become stressful, though. Consider relying on short-term rental management services this year.
With help, you can avoid stressful situations to generate profit hassle-free. Read on to discover the benefits today!
1. Attract Tenants
Orlando is the only major city destination to maintain an industry edge with international visitors. Between 2019 and 2022, the number of international visits grew by 20%. You won't attract those tenants to your Orlando short-term rental property without a marketing strategy.
An experienced short-term rental management company will help you attract quality tenants. Finding the right tenants can help you mitigate risk.
For example, your property management company will help you avoid tenants with previous:
- Payment problems
- Eviction histories
- Criminal histories
- Fraudulent application information
They'll ensure you're not renting your property out to tenants with dubious backgrounds.
They'll even set property rental rules on your behalf. These rules can help you filter troublesome guests. They'll also ensure guests don't wreck your vacation property.
For example, your rules can include a maximum number of guests allowed. You can determine if you want to allow pets, too.
2. Complete Maintenance
Managing a short-term rental property can become time-consuming. You'll need to dedicate time to cleaning the property between guests.
One of the benefits of short-term rental management is access to their network. For example, they can call professional home cleaners before new guests arrive. Ensuring the property is spotless will help you make a stronger impression on guests.
They might want to stay at your rental property for another vacation in the future.
Your property manager will also complete all maintenance requests on your behalf. They'll ensure everything functions properly.
3. Collect Rent
Your short-term rental management company can collect rent on your behalf. They'll set up the property infrastructure and system to make it easier for your guests. Offering a convenient platform will ensure more consistent rent collection.
You can even enforce late fees if guests don't pay on time.
4. Avoid Legal Issues
Every state and city has different legal regulations regarding short-term rentals. For example, some areas limit the number of short-term rentals per zone. Others restrict how many days you can rent out the property.
Your rental management company will already understand the laws relevant to Orlando. They'll ensure you remain compliant.
With their help, you can avoid hefty fines.
5. Peace of Mind
Above all else, trusting a rental management company will give you peace of mind. You can outsource responsibilities to avoid stress.
Instead, you can start generating more revenue without lifting a finger.
Request Short-Term Rental Management
You don't have to start managing a short-term rental in Orlando alone. Instead, hire a short-term rental management company. They'll help you earn money without unnecessary stress.
Want to start experiencing the benefits of short-term rental management? We're here to help.
Explore our services today to learn more!