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DeLand, located in Volusia County, FL, plays a vital role in the city's $5.4 billion-dollar tourism industry. This small town is home to Stetson University, the state's oldest private college. It also has its own Museum of Art and is a short drive from popular attractions such as Orlando and Daytona, Florida.
This popular small town is also home to the famous Stetson Mansion, where guided tours are offered. Visitors also enjoy the Gillespie Museum, which houses an impressive collection of geological wonders and is located at Stetson University.
Owning a vacation home in this charming town presents a unique opportunity to enjoy extra income while contributing to the town's culture and economy.
Here are a few things to consider before buying vacation properties and renting them out to visitors.
DeLand Real Estate Tips
Investors who want to generate rental income with vacation properties should buy properties with this goal in mind. Start with location, narrowing down properties close to amenities like attractions, transportation, dining, and shopping.
Consider the following on-site amenities:
- Washers and dryers
- Fully-equipped kitchens
- Cozy living rooms
- Furnished bedrooms and fresh linens
- Clean bathrooms with toiletries
- Tranquil backyard spaces
Invest in necessary upgrades to accommodate these amenities. Such improvements are necessary for peak vacation pricing strategies and consistent bookings. Hire a property manager who can get the ball rolling on these upgrades before peak season begins.
Homeowners simply looking for a second "home away from home" should also consider the above considerations. You can rent out the property during shoulder seasons when it's not occupied, adjusting the price accordingly. The extra income can help cover property taxes, utilities, and other expenses.
Hiring a Property Manager for DeLand Vacation Rentals
Property management companies like PMI Central Florida specialize in maximizing profitability for every vacation home investment. This process can start as early as the real estate buying stage. The next step is a thorough property inspection.
Inspections include several checkpoints:
- The lifespan of appliances, plumbing, and power systems
- Roofing and siding
- Landscape design
- HVAC systems, ACs, and indoor air quality
- Flooring
- Windows and doors
- Wall treatments
Insulation and building materials are also inspected for water damage. Property managers work with a network of local services and technicians to ensure excellent maintenance standards. Tenants can also expect emergency service when requested, including online portals for submitting requests.
Attract Visitors to Your Florida Getaway
Property management companies also provide a full suite of vacation marketing services, including listings, home staging, and digital strategies. 5-star maintenance standards are part of a complete marketing strategy. Property managers may also list properties on Airbnb and other rental sites, garnering even more interest.
Taking professional-quality photos is important to any vacation listing strategy. Property managers also list all amenities and apply smart pricing strategies that align with the market and visitor expectations.
Make the Most of Your Vacation Home
DeLand has so much to offer. Take this opportunity to play a crucial role in the town's growth. Buy and market a vacation home to contribute to Florida's ever-growing tourism economy.
PMI Central Florida wants to be your partner in this endeavor. Our leadership team has over three decades of real estate experience, including CCIM certifications and licenses in community association management.
Book an appointment to discuss your goals for investing!
