Earlier this year, World Atlas reported that Orlando remains one of the most-visited cities in the nation. As the Theme Park Capital of the world, we see millions of visitors from all around the world every year.
With such high rates of tourism, Orlando is a great place to invest in vacation rentals. However, you're far from the first to realize that!
Will you let high competition stand in the way of maximizing rental income? If you work with PMI Orlando Parks, you won't have to. Read on to learn our top Orlando vacation rental tips to boost your earnings.
Boost Your Bedroom Space
As a theme park hub, Orlando attracts millions of families looking for a place to stay. Maximizing the number of beds in your vacation rental can ensure that you're able to accommodate both families and large groups.
Working with an apartment-sized property? Don't sweat it. According to Streetlight Data, Disney World actually attracts more childless visitors than parents.
Take a Dynamic Approach to Pricing
If you want to increase vacation home revenue, you need to take a dynamic approach to pricing. When demand goes up over the summer and holiday season, don't hesitate to increase your last-minute pricing and offer early bird specials to keep your property booked.
In Orlando, things tend to slow down in September and February, but you can still take extra steps to attract guests in the off-season. Lower prices and competitive amenities can help.
Invest in Your Marketing Strategy
Maximizing rental income with a vacation property is all about reducing vacancies. First, you need to get more eyes on your property through strategic vacation rental marketing. We recommend:
- Using multiple listing servers like Airbnb and VRBO
- Including high-quality photos in your listing
- Incorporating SEO keywords into your property description
- Mentioning proximity to major attractions like Disney World and Universal Studios
Highly visible, high-quality listings are going to stand out from the sea of options. It may take a bigger upfront investment, but the payoff will make it worthwhile.
Prioritize Guest Communication
Paired with a great listing, raving guest reviews paint a positive first impression. If you want to make your guests happy, you'll need to make sure someone is available to field all guest questions, concerns, and complaints.
Not all vacation rental owners in Orlando want to take a hands-on approach. When you're looking for a passive source of income, you need to partner with vacation property management. Our professionals are here to handle everything from pricing and cleaning to guest relations.
PMI Makes Maximizing Rental Income Simple
In Orlando, there's no shortage of visitors looking for a place to stay. There's also no shortage of hotels, resorts, and vacation rentals for guests to choose from. It's time to stand out from the crowd and start maximizing rental income, and PMI Orlando Parks is here to help.
Our real estate experts at PMI Orlando Parks have diverse backgrounds in accounting, management, and customer service. We know that success is in the details, and we bring this approach to every vacation rental we manage. Contact us today to level up your Orlando vacation rental.
