Target where the owner lives, which is frequently not Florida at all
Location settings built for a local service business point your money at the one group of people who cannot hire you.
Most accounts default to showing ads to people present in the target area. For nightly rental management that is close to backward. The owner of a Davenport pool home is in another state or another country, and the thing tying them to this market is the keyword, not their location.
Run the investor campaign with location settings that include people searching for these places from elsewhere, and carry the geography in the keywords themselves: management for a ChampionsGate home, a Celebration home, a property near Reunion. Then decide deliberately which countries you will serve. If you cannot onboard an owner in another jurisdiction or bank a payment from them, exclude the country rather than paying to disappoint them.
Run a second, separate campaign for owners who are here. Resident landlords in Winter Park, Oviedo, Apopka and Altamonte Springs behave like a normal local service buyer and should be bid on as one.
Keep the two apart in reporting. Blending them produces an average cost per lead that describes neither and hides which half is actually working.