Property Type

Types of Property

There are several types of properties that you can purchase in the Orlando/Kissimmee area.


Single Family Home (Detached)

Historically, single-family homes have had faster appreciation over attached residences. In markets where they are available, detached homes should bring higher rent and occupancy for short-term rental homes. In addition, they typically have larger square footage along with private screened-in pools. The maintenance, upkeep and running costs on a single-family home may be higher than townhomes and condos.

Townhome (home sharing a common wall with at least 1 unit)

Townhomes share some of the benefits of detached homes and condos. They typically include exterior maintenance within the homeowners association (HOA) dues, which is a nice feature for a property where the owner does not live in close proximity to the property. Typically, townhomes do not rent as well as a single family home for short-term rentals.

Condo (Low Rise – typically 3 stories or less, Mid Rise – usually 5 to 9 stories, High Rise – typically 10 or more stories)

Condos are ideal in areas where there is limited land or very expensive land. Historically, they lacked the appreciation of the other categories unless they are within a close proximity to a landmark such as a beach, city center or entertainment center. They are very low maintenance but can have higher running costs depending on the efficiency of the condo association. They are ideal for a vacation property when combined with a large amenity package. Typically, condos do not rent as well as a single family home for short-term rentals.

Condo/Hotel

Condo/hotels typically offer a centralized onsite property manager. They are ideal when a large hotel chain is handling the management (e.g., Ritz Carlton, Westin, Four Seasons, etc.). However, they often restrict the amount of use by the owner so they can maximize the occupancy or meet local governmental requirements. In some cases, the financing is not as attractive as the other categories because lenders see this more as an investment than a 2nd home and require larger down payments and/or higher interest rates. This is basically an opportunity to own part of a hotel but your value may be subject to the quality of the management and the local demand for your community.

Hotel/Condo

The only difference between this and a condo/hotel is that the property management is not restricted to one company. In some cases, the developer will structure the property management where it is in the owner’s best interest to use the preferred management company but it is not mandatory. This can help the buyers because it will make the financing more competitive with other types of residences. This category has more risk than the others because of their limited resale history to establish resale values but they do typically generate more income than a regular condo and the split to the owner is typically better than a condo/hotel.


Property Class

Global has been managing properties since 1993 and currently manages over 500 short and long-term rentals. Although we offer every type of real estate, from primary residence to commercial and development opportunities, we specialize in 2nd home/vacation homes and investment properties.


Short-Term Rental

These properties are purchased primarily for use and enjoyment. They can be a good investment because of tax benefits and appreciation. They can generate a substantial amount of income but they also tend to have higher running costs. Global manages nearly 350 short-term rentals in the Orlando/Kissimmee area.

Long-Term Rental

These are ideal for investors, especially in the current market. You can generate income with limited expenses. Long-term tenants can often cover the expenses for investors, which makes these opportunities extremely viable for many. Global manages nearly 200 long-term rentals in the Orlando/Kissimmee area.

Second Home Residence

These properties are not rented but used for personal use and enjoyment. Global can assist buyers seeking to purchase property for their retirement years or investors just looking to hold property to flip in the future.

Commercial

This refers to building or land intended to generate a profit, either form capital gain or rental income. Most properties are marketed and priced based on the income they generate. Commercial Real estate continues to be one of the best real estate investments in Central Florida. One of the main things to consider is that the income stated does not factor the principle reduction or reflect the appreciation of the property. The ROI (return on investment) typically varies on the strength of the tenants and term of the leases as well as the age and location of the property.


Currently there are residential and commercially zoned parcels in Central Florida that can still be acquired at distressed prices. Some of these are ideal for an investor who would like to buy and hold the property until there is an opportunity for a substantial profit. The other opportunity is to develop the property and sell off the individual parcels to maximize the profit. Regardless of your motivation, Global’s commercial experts can guide investors toward the right investment.