Your Orlando Villa & rental income

Before considering the purchase of a home, you must determine the purpose of the home. Will it be only a holiday home? If so, will you rent out the property when it is not being used by your family, friends or yourself. How important is that rental income?

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Questions have been raised about rental restrictions imposed within the Disney area. Three counties have different sets of rules. Orange County did, some time ago, bring in regulations forbidding rentals of less than 30 days. This does not mean that a property owner cannot rent their house; only that each rental must be for a minimum of 30 days. However, the number of rental agreements in any year could not be more than 12 at the most and so a property in Orange County may not be the best place to maximize rental income.

Osceola County now has rental restrictions in place. However, the position is very different from Orange County. Authorities have created exceptions and exclusions to protect the large number of investors who have already purchased houses in the county and the large number who continue to do so. Consequently and without going too deeply into what are fairly complex provisions, many developments have effectively been excluded from the restrictions rendering them communities from which short-term rental activities are allowed.

Polk County and Lake County are developing relatively fast. Therefore further investment is being encouraged. It is essential that a prospective buyer obtain advice as to the suitability of the property / development and the use of which it is intended. Rental restrictions should be carefully evaluated and understood. We will gladly provide you with advice, guiding you safely and expertly throughout the selection process.