Hidden Dangers Renting By Owner

Some of the most popular web sites on the internet offer Orlando area vacation homes for rent by owner otherwise known as VRBO® (vacation rental by owner). Although most owners are highly reputable, it can be hard for the customer to screen the owner, and thus may offer hidden risks. As they say in latin “caveat emptor”, let the buyer beware.

Recently, it is no secret that a significant portion of the Orlando vacation home market is in some stage of foreclosure. We have even heard of some rental guests being served foreclosure notices during their stay and some even getting the power turned off when the owner has failed to pay all the bills in a timely manner.

In addition, homes that are not professionally managed could be exposed to quality issues with regards to cleanliness and furnishings. This is quite difficult to discern by only looking at pictures on the internet. Booking with a professional management company will ensure the highest of standards for quality and maintenance.

Why a Professional Management Company?

Due to the possible risks associated of renting by owner, we recommend using a reputable management company.

Orlando vacation home management companies that are established typically manage all aspects of the vacation rental process, greatly reducing the risk often associated when renting directly from the owner.

The great advantage renting from a credible Orlando vacation home management company is that a little light screening is easily possible (i.e. they have been in business several years, manage multiple homes, and are members in good stead with both the local Better Business Bureau and the Central Florida Vacation Rental Managers Association). If one is at all concerned, ask for references. A credible company would always be happy to provide them.