Quote:
Originally Posted by big guy
We own 2 homes in The Villages.....both are in a family trust. We live in one and rent the other. We have improved the rental property so that it has become the neatest and cleanest looking property on the street. When I am there I pick up paper and pull weeds in common areas. We are not absentee landlords and all of our renters have been lovely people who have expressed an interest in The Villages. I expect a large percentage of the properties would be vacant if only allowed to rent 3 months of the year. We have never rented for only 1 week but we do rent for two weeks in the summer. If you are seeing real estate transactions being bought in trusts or LLCs, it's probably a couple like us who have everything in a trust so that our heirs won't have to go through probate. We are an LLC to limit liabity......we would be crazy to do business any other way.
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Just curious - do short term renters (2-4 weeks) have restrictions on children under 19 like owners must comply?