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Lake Mary
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Lake Mary, Florida is a thriving suburban city located in Seminole County, just north of Orlando. With its convenient location, desirable amenities, and proximity to major attractions, Lake Mary has become an increasingly popular destination for short-term vacation rentals. The city's picturesque neighborhoods, diverse dining and shopping options, and easy access to the region's theme parks and outdoor recreation make it an attractive choice for both domestic and international travelers.
According to data from vacation rental platforms like Airbnb and VRBO, the Lake Mary short-term rental market has seen strong performance in recent years. The average daily rate (ADR) for vacation rentals in Lake Mary is currently $200, with occupancy rates hovering around 70%. This translates to an average annual revenue of $45,000 per property.
Vacation rental managers in Lake Mary have also seen a significant increase in demand, with the number of bookings rising by 25% over the past 12 months. This growth can be attributed to the area's growing popularity as a tourist destination, as well as the increasing preference among travelers for the space, amenities, and flexibility offered by vacation rentals. (For more detailed market overview information, please see the Market Overview section.)
The Lake Mary vacation rental market is highly competitive, with a diverse array of property management companies vying for a share of the market. Some of the key players in the local market include:
Atrium Management Company is a premier property management firm serving the Lake Mary area. With a focus on professional leasing and management services, Atrium has established a reputation for delivering exceptional results for its clients. The company's sophisticated online management system and team of experienced professionals make it a top choice for vacation rental owners in Lake Mary.
407 Rentals is a leading property management company in the Central Florida region, including Lake Mary. The company specializes in managing single-family homes and condos, offering a full suite of services from marketing and tenant screening to maintenance and accounting. 407 Rentals' deep knowledge of the local market and commitment to customer service have made it a trusted partner for vacation rental owners in Lake Mary.
Awning is a vacation rental management company that has a strong presence in the Lake Mary market. The company's technology-driven approach and focus on data-driven decision making have helped it to optimize the performance of its clients' properties. Awning's comprehensive services, from dynamic pricing to guest communication, have made it a popular choice among Lake Mary vacation rental owners.
4 Rent Orlando is a residential property management firm that also serves the vacation rental market in Lake Mary. The company's hands-on approach and attention to detail have earned it a loyal following among local property owners. 4 Rent Orlando's expertise in areas like tenant screening, maintenance, and financial reporting make it a reliable partner for vacation rental investors in Lake Mary.
In addition to the larger property management companies, Lake Mary is also home to a number of independent vacation rental agents and small firms that cater to the local market. These Yelp-listed providers offer a more personalized approach to vacation rental management, often with a focus on niche services or specialized expertise.
The competitive nature of the Lake Mary vacation rental market underscores the importance of partnering with an experienced and reputable property management company. By leveraging the expertise and resources of a proven provider, vacation rental owners in Lake Mary can maximize the performance of their investments and ensure a seamless experience for their guests.