Rapid Leasing Hotline Number: 407-543-1073
Main Office Number: 407-250-4800
New Business Hotline Number: 407-544-0827

The biggest cost of owning Orlando investment property is overlooked by many new landlords. The cost is often so great that we have owners asking us for help practically daily.

So what is this significant cost?

The answer is… Vacancy!

Your home may sit on the rental market for months, costing you thousands of dollars the longer it is vacant. Don’t believe us? Consider this: If your asking price for your Orlando rental home is $1500 while the market dictates it should rent for $1200, and sits vacant for two months, that is $2400-3000 of rental income that you are not receiving.

Can you afford to let your home remain vacant for that long?

There are several factors that will help prevent your home from sitting vacant:

  1. Price. The market dictates the price, so if your home is priced too high, it will not rent!!
  2. Advertising. A property management company will advertise your home on a wide network of websites to reach the maximum audience. Many old fashioned means of advertising, such as newspapers, are no longer effective for reaching quality, rent paying tenants.
  3. In-Home Features. A fresh coat of paint, updated appliances, or sensible cost effective repairs can make the difference between your home renting or keeping a tenant happy vs. a vacant home.

Vacancy is the enemy of all landlords and property managers, especially if you have a mortgage to cover. If you aren’t making money off your Orlando rental home, neither are we!!