The island of Anna Maria, located off Florida’s Gulf Coast is the perfect vacation haven for visitors seeking beautiful sandy beaches, relaxation and year round sunshine in a sub tropical climate. The unique environment and unrivalled atmosphere means visitors are keen to return and make the most of everything the island has to offer. Considering the many attractions the island has, it’s not surprising that the Manatee County Tourist Development Council is reporting an increase in the number of people visiting Anna Maria Island.
The increase in visitors to Anna Maria Island has resulted in increased rates of occupancy and statistics show that visitors are paying more for their accommodation on average. The popularity of the island and the enthusiasm guests have to return has resulted in many people investing in the island and purchasing property here. Whilst many go on to become residents and spend part or all of the year here, many properties are purchased solely as investments and owners make a significant income from vacation property rentals.
A vacation rental property investment can provide a significant return providing thorough research is undertaken prior to purchase. Luckily, the island of Anna Maria is home to a number of professionals experienced in real estate and rentals properties who are able to offer advice to potential investors. Once you have obtained all the relevant information and determined which type of property is appropriate for your needs, the network of real estate experts on the island can assist you in your search.
Whilst locating the appropriate vacation property is vital to ensure you generate rental income, potential investors should also consider how they will rent the property and undertake any maintenance work that may need to be done. Residents of the island with more than one property may wish to manage the properties themselves and are well situated to do so. However, owners who are not located on Anna Maria Island full time may require assistance from a specialised real estate company or property management service.
Before determining whether to manage the property yourself or to outsource the management to a third party, consideration should be given to issues such as whether the company are available to greet guests and respond to any queries they may have during their stay or whether the company will handle bookings and reservations for the property. In addition to this, property management teams will often arrange advertising and market your property as well as ensuring they provide emergency contact information to guests and are on hand to deal with any unexpected issues. In many instances, property owners rely on real estate companies to handle bookings and payment as they are well equipped to deal with credit cards and bank transfers from around the world whereas private investors often do not have these facilities.
Although purchasing a property for investment purposes does require significant planning, it can be well worth the rewards. As well as generating a rental income, the capital value of the property can grow substantially and provide and valuable investment for the future. The Anna Maria Chamber of Commerce provides vast amounts of information to potential investors and future residents of the island whilst the friendly atmosphere on the island ensures visitors are able to access information, advice and assistance when considering investing here. In addition to securing their futures, investors can take advantage of the increasing rate of occupancy and rising rental prices and generate an income whilst relaxing in the unique, unrivalled atmosphere on Anna Maria Island, Florida.