Buying a Short-Term Rental Property Near Disney [Guide]
Are you considering investing in a short-term rental property near the magical world of Disney? Look no further, as the allure of Disney's theme parks and the ever-growing tourism industry in Orlando, Florida, make it an enticing opportunity for investors and homebuyers alike. With millions of visitors flocking to Walt Disney World each year, owning a short-term rental property in close proximity to the parks offers the potential for lucrative returns. This guide features everything you need to know about investment prospects, the appeal of the location, and the endless possibilities that come with owning a property near Disney. Whether you're seeking a vacation home investment or a vacation home that can generate income, the charm and popularity of the Disney brand make it an exciting venture worth exploring.
Why Orlando is a Desirable Place for a Rental Property
Orlando is often considered a desirable place to invest in a rental property for several reasons. Here are some factors that make Orlando an attractive market for real estate investment:
Tourism & Attractions
Orlando is home to world-renowned theme parks, including Walt Disney World, Universal Orlando Resort, and SeaWorld, attracting millions of visitors each year. The steady flow of tourists creates a high demand for short-term rental properties, making it a lucrative market for investors.
Strong Rental Market
The combination of a robust tourism industry, a large number of corporate relocations, and a growing population contributes to a strong rental market in Orlando. The city attracts both long-term tenants and vacation renters, providing investors with various rental property options.
Favorable Tax Environment
Florida does not have a state income tax, which makes it an attractive location for investors seeking tax advantages. Additionally, Florida has favorable property tax rates compared to some other states, which can positively impact the overall return on investment.
Florida has landlord-friendly laws that provide protections for property owners and investors. These laws include favorable eviction processes and regulations that support property rights, giving investors more confidence and security in their short-term rental property investments.
What Renters Looked for in a Short-Term Rental Property Near Disney
Short-term renters near Disney are typically looking for certain features and amenities that enhance their vacation experience. Location is crucial for short-term renters near Disney. They want properties that are conveniently located close to the theme parks, ideally within a short drive or with easy access to transportation options. Being near Disney allows renters to maximize their time at the parks and reduces travel time. Many short-term renters near Disney are families or larger groups traveling together, and they often seek properties with multiple bedrooms and bathrooms to accommodate everyone comfortably. Additionally, a spacious living area, a separate dining space, and a well-designed layout are desirable for families to relax and spend time together.
Renters near Disney also appreciate properties that offer desirable amenities to enhance their vacation experience. This may include a private pool, hot tub, game room, outdoor seating areas, or access to community amenities such as pools, water parks, fitness centers, or sports courts. Amenities like these provide entertainment and relaxation options during downtime from the theme parks. Since many short-term renters near Disney are families with children, properties that cater to family needs are highly sought after. Features such as cribs, highchairs, strollers, baby gates, and childproofing measures are valuable for families traveling with young children. Properties with Disney-themed decor or touches can also create an immersive experience for renters and enhance the magic of their Disney vacation. Themed bedrooms, wall murals, artwork, or Disney-inspired furnishings can be appealing to families and Disney enthusiasts.
5 Key Factors to Consider for a Short-Term Rental Property
When buying a house or condo near Disney with the intention of renting it out short term, there are several key factors to consider. Here are some important things to look for.
Proximity to Disney
Proximity to Walt Disney World is key to attracting vacation renters to your rental property. Consider properties within a reasonable distance from the theme parks, ideally within a 15–20-minute drive. Additionally, check for amenities and attractions nearby, such as restaurants, shopping centers, and other tourist destinations, as these can enhance the appeal of your rental property.
Zoning & Regulations
Ensure that the property is zoned for short-term rentals and that there are no restrictions or regulations that could limit your ability to rent it out. Familiarize yourself with any homeowner association (HOA) rules and fees, as some communities may have restrictions on short-term rentals or additional fees associated with them.
Consider the property's features and amenities that will attract potential renters. Families visiting Disney often appreciate properties with multiple bedrooms, spacious living areas, well-equipped kitchens, and amenities like swimming pools, game rooms, or outdoor spaces. Properties with unique themes or Disney-themed decor can also be appealing.
If you're not planning to manage the property yourself, research property management companies in the area. Look for experienced, reputable companies that specialize in short-term rentals. They can handle tasks such as advertising, guest communication, cleaning, and maintenance, which will make your rental property more efficient and profitable.
Maintenance & Upkeep
Assess the condition of the property and factor in potential maintenance and repair costs. A well-maintained property will attract more guests and help generate positive reviews. Consider the age of the property, its systems (HVAC, plumbing, electrical), appliances, and any ongoing maintenance requirements.
Popular Short-Term Rental Communities Near Disney
There are several popular short-term rental communities near Disney World in Orlando, Florida. Consider these well-known communities for some of the best areas for an Airbnb near Disney World:
While not solely dedicated to short-term rentals, ChampionsGate is a well-known golf community that offers a mix of vacation homes and permanent residences. It features luxury amenities, including multiple golf courses, a clubhouse with a restaurant, resort-style pools, a lazy river, and sports courts. ChampionsGate is conveniently 12 miles southwest of Disney World.
Reunion Resort is a luxury community situated near Disney World. It features upscale vacation homes, condos, and villas with access to amenities like multiple golf courses, water parks, restaurants, and a spa. Reunion Resort is known for its high-end properties and beautiful landscaping. Located just 6 miles away, vacationers staying at a rental property in Reunion Resort will appreciate a short 10–15-minute drive to the parks.
Solterra Resort is a newer community that has gained popularity among vacation renters. It offers spacious single-family homes with private pools and access to a clubhouse, resort-style pool, water slide, sports courts, and fitness center. The community is located close to Disney World and other attractions.
This resort-style community is located within a short drive from Disney World. It offers a variety of townhomes and single-family homes with amenities such as a clubhouse, lazy river, pool, sports courts, and fitness centers. Storey Lake also has a convenient location near shopping centers and dining options. Storey Lake's advantageous location, just 5 miles from the parks, allows residents and guests to enjoy quick and easy access to Walt Disney World.
Located just two miles from the main entrance of Disney World, Windsor Hills is a highly sought-after community for short-term rentals. It offers a range of amenities, such as a clubhouse, a large pool with a water park area, a fitness center, sports courts, and a movie theater. After a long day at Disney World, guests can relax and enjoy the resort's facilities, providing additional entertainment options without leaving the property.
These are just a few examples of the short-term rental communities near Disney World. Each community has its own unique features, so it's essential to research and visit them to find the one that best fits your preferences, investment goals, and budget. This will help you make an informed decision and choose a property that aligns with your investment goals. Contact a realtor at Florida Realty Marketplace to see houses for sale near Disney, and we will guide you to the best short-term rental communities in Orlando.Posted by Florida Realty Marketplace on