Thousands of Single Family Residence, townhomes and condos clustered in newly built sub divisions around Walt Disney World, Orlando & Kissimme, are in fact vacation homes, holiday condos for short term rentals.

They cater to economy minded group travelers that are able to save hundreds of dollars in hotel bills by renting the entire home, includes a pool and privacy, instead of a single room in the hotel, that cost more.

There are about 700 (seven hundred...) property management companies, that will handle in average, about 100 houses each. Although the renters pay resort taxes, there is no research yet of the effect that they are having on the hotels in Central Florida.

Individuals/families own most of the short term rental units near Disney, many of them are UK residents, that traditionally loves the theme parks, loves our all around the year beautiful weather, and find out that not only they can enjoy their own vacation home in Orlando, but also rent it out the rest of the year, and actually make nice returns on their money.

I know it well first hand, since I'm specializing (my main source) with UK investors, I am a friend with some of my buyers and I'm pleased to learn from them about how many weeks per year they are able to rent their property. Rule of thumb is, you rent 2/3 of the year and other vacationeers paying your mortgage, not to mention they have their own place to use every time they come back for a visit, not to forget the equity gained on their property, and the renters themselves are saving money to compare it with an average hotel...this is a win win situation.

For any one interested with 2nd homes, Holiday Villas, zoaned for short term rental, this is what I'm doing for living, I am providing the real estate and the financing, and I can refer few reliable management companies to work with. Email me with any questions, I'll be happy to be for assistance.

More information on my sites: www.OrlandoHolidayCondos.com and www.AbsoluteFloridaMortgage.com .