Long Term vs Short Term Rental
Many of our customers in the Central Florida area are deciding to switch from short-term rental to long-term rental as it offers a guaranteed set monthly income versus sporadic vacation bookings.

Another huge advantage is that a long-term rental tenant is responsible for paying all utility costs. Typically speaking most landlords will be responsible for mortgage payments, HOA dues and insurance. The rest is paid for by the tenant. This can cut down your running costs tremendously.

Vacation home property owners have to work very hard in order to secure short-term bookings. The security of a long term rental lease allows landlords the ability to budget more accurately.
Having a regular set income with no ongoing running costs is very appealing to most landlords.

Due to the high volume of vacation homes in the Orlando area many Short Term Rental property owners are finding it increasingly difficult to obtain enough bookings at a price which covers their running expenses. By leasing your Orlando Vacation Home on the long term property market you can eliminate frequent cleaning costs and other costs involved in maintaining a vacation home. You will also experience fewer vacancy periods as currently homes on the long term rental market in Central Florida including Davenport, Kissimmee, Clermont and Orlando are in very high demand.

The largest disadvantage to switching from Short Term Rental to Long Term Rental, is that the owner is unable to use the property themselves whilst a tenant is in place.

The advantages of Long Term Rental
Here are just some examples of Long Term Rental Advantages:

• Tenant Signs a One Year Long Term Rental Lease
• Tenant is pre-screened and qualified
• All utility costs are paid for by the tenant
• The Property is Inspected before and after it's occupied
• Landlord holds a one month security deposit to cover damages
• Eliminate most fees involved in maintaining a vacation home

Rental Process
The rental process is fairly straightforward. Coldwell Banker West Realty handles the transaction from beginning to end and helps you to secure a qualified tenant.

• Firstly we inspect your home and determine the rental rate based on comparable properties in your area.
• We then market your property in a variety of ways in order to search for tenants
• Qualify potential tenants using our in-house screening and background check
• Run tenants credit report and discuss the outcome with Landlord
• Draw up Lease Agreement

Many Tenants request to stay in the property after their one year lease expires. We offer all of our landlords a discounted rate in order to draw up a new one year lease.

Long Term Property Investment
Many of our customers are realizing that it's a great time to buy a property at today?s prices, which they will eventually use as a second home or for retirement purposes. Because a long term rental property does not require furniture or a pool they can be bought at a fraction of the price of a short term rental property.

Rental property is in very high demand in Clermont, Davenport, Kissimmee and Orlando so these properties can be rented out in a relatively short period of time.

Coldwell Banker West Realty Service
If you are interested in finding out more about the Long Term Rental Process, please call our office today to schedule an appointment with one of our rental agents.