fabvillas

When will short term rental home owners in Florida wise up?

Despite the fact that vacation rental property prices in the Disney area are going through the roof, rental prices remain low.

Whilst the low costs can be seen by some as good for the consumer, the truth is that nobody wins in the longer term. The value offered by the short term rental homes is amazing when compared to the prices of close by motels. It would be a shame if this market was to slump to the point where owners can no longer afford to offer their beautiful villas to tourists.

Steve Curtis, CEO of Fab Villas who specializes in marketing these fabulous properties to holiday-makers, said “As the number of rental properties continues to grow, many owners are foolishly undercutting each other simply to make the monthly mortgage payment. This means that if they don’t obtain a booking for in excess of around 48 weeks per year they will probably lose money.”

If owners cannot afford the upkeep of their properties the rental subdivisions will eventually begin to look and feel dilapidated and will therefore become undesirable.

If there is nothing in it for the owners, then these rental homes will simply cease to exist and that means that we all lose out.

Let’s hope that’s not the case.