Location. Location. Location. You have to love the location, say
these owners of Orlando Florida Villas By David Leonhardt
It has been said that in real estate there are three things that
count the most: location, location and location. I recently
discovered how powerful this concept can be.
Not long ago, I wrote an article about owning a vacation rental
and what to consider before making the plunge (
http://www.seo-writer.net/clients/villa-ownership.html ). Like
every decision, there are pros and cons, and it also depends on
an individual's temperament, comfort with risk and many other
factors.
I asked a few dozen villa owners who were listed at an Orlando
Florida villas rental listing site at
http://www.lastminutevillas.net why they had chosen villa
ownership and what cautions or advice they would offer somebody
considering a Florida vacation rental.
What struck me, however, was how most of the vacation rental
owners I interviewed offered more comments on why they chose
Florida as a location, than why they chose to be a villa owner.
In other words, the location more than the occupation inspired
villa ownership, and that location is Orlando, Florida.
Considering the battering Florida had recently taken by one
hurricane after another, this struck me as kind of odd. So I
picked up the phone and called Stewart Granville, owner of the
listing site.
"It's late Fall and I'm sitting out here in my shorts. Do I need
another reason?" he asked. "How are you doing up there?"
"Uh...let me just go get a sweater," was all I could respond.
To give you some idea of how important it for a vacation rental
property owner to fall in love with the location, here are just
two samples of what some villa owners told me:
"When we are driving back to the airport in Florida we never
want to leave," says Michelle Prince, owner of Secret Key Villa
in Kissimmee, Florida (
http://www.lastminutevillas.net/villa/166/ ), adding "It was
something we have always wanted to do since taking a Christmas
break in Florida every year."
"I believe that to feel that you wish to buy property in Florida
you must think further than 'Profit'," says Dave Gordon, owner
of Lindisfarne Villa in Orlando (
http://www.lastminutevillas.net/villa/89/ ). "I sincerely
believe that most foreign villa owners have the 'feel good'
factor themselves and buy because they want to return time and
again…if they make a profit…what the heck!"
Of course, no business venture should be run on the off-chance
of making a profit, but every business venture should be a
labour of love, and few require as much love as the tender
nurturing of vacation rental homes.
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