Orlando Property
Management Services
Management Services
Most homeowners think to achieve the American dream of buying a home is with conventional loans of putting 20% down of the purchase. With an increase of debt for millennials due to student loans, it is harder for this generation to set money aside to put 20% down on their primary residence let alone a vacation home. Millennials are constantly trying to find ways for multiple streams of income. While they often go for side hustles, this requires them to work up to 80+ hours a week between their full-time job and their side hustle. Dedicating so much time leads to quicker burnout, stress, and depression. Everyone has heard the phrase, “Work Smarter, Not Harder”.
What does that mean? This is the easiest way to literally make money while you sleep. You are only working your full-time job and letting the side hustle work for itself. One of the most common passive incomes is vacation rentals. Don’t have 20% down for a $250,000 vacation home? No problem. Real estate investors have given us the secret. Investors are able to acquire properties like Orlando vacation homes for almost no money down. How do they do this?
Simple. They go to the courthouse in the county where they are looking to buy investment properties. Investors can acquire public records where they find homeowners who are having problems with their properties. This could be pre-foreclosure which is the most common or they could be going through a divorce. Either way, these homeowners are most likely going to lose their property and destroy their credit scores. It is very hard to get a foreclosure off of your credit report.
To avoid this, homeowners are approached by investors who will offer to take over their monthly mortgage payments. This is called a “Subject To” mortgage. They offer to catch the homeowner up on their payments while the homeowner will transfer legal title to the investor. The mortgage will still remain the homeowner’s name so you don’t have to worry about the approval process and down payment that most go through when applying for a conventional loan. The lender is never involved. Once the mortgage is paid off, the investor assumes the property fully.
If you’re interested in using this approach for passive income, we recommend meeting up with local investors or can go over in more detail how this process works. Why work a side hustle that keeps you from sleep, stresses you out, and keeps you from making the money you feel you deserve? It’s time to own a vacation home so you can get further ahead financially.
As you can see, we are extremely active with our marketing efforts. We would love to have the opportunity to manage and market your vacation home. Last year, we did not have one vacation home occupied less than 220 nights and our average vacation home was occupied 248 nights annually…that is over 20 nights a month! Check out more of our Orlando Vacation Property Management.
Trey Duling
trey@orlandovacation.com
1-800-641-4008 ext 7007
Discover why Orlando is the ultimate family vacation destination, with world-class attractions like Walt Disney World, the cinematic excitement of Universal Studios Orlando, and the marine adventures of SeaWorld Orlando. Each park offers unforgettable experiences, from the magic of Cinderella’s Castle to thrilling rides and fascinating marine life.
Make your trip simple and affordable with discounted theme park tickets, or choose one of our exclusive Orlando vacation packages, which include park tickets and top-rated lodging. For convenience, book hotels near Orlando’s theme parks, or enjoy the space and comfort of vacation homes near Disney World, perfect for families or large groups.
Whether you’re meeting beloved characters at Disney, experiencing epic adventures at Universal Studios, or marveling at aquatic wonders at SeaWorld Orlando, your dream vacation starts here. Secure your theme park tickets, Affordable Lodging, and Discount vacation packages today for an unforgettable Orlando getaway!