Talk of The Villages Florida - View Single Post - Which management company to choose for your rental
View Single Post
 
Old 05-19-2016, 12:14 AM
goodtimesintv goodtimesintv is offline
Veteran member
Join Date: Nov 2014
Posts: 535
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by asianthree View Post
We used two different management companies fired them both due to a tremendous amount of issues at her house. The only way that we knew was we made surprise visits and was shocked at what was going on with our house. We use Thevillagers4rent and rent the home our self we only do long term and have been completely happy ever since. This way you get to choose who lives in your house. Management companies can rent your house January February and March and that's about it you can do that on your own without paying any fees.
This is correct. You can get rental caretakers to check and watch your property only, for less than $70 per month when occupied or unoccupied (with you doing leasing, keys and money yourself).

Also, be aware that on rentals of less than 6 months, State of FL requires filing and payment of Sales Tax on Transient Rentals. It's state sales tax (6%) plus something like 1% for Sumter County (or other county) and another 1 or 2% transient rental tax, to total 9%.

Contact Leesburg Service Center of FL Dept. of Revenue by phone (below) for info on how to register your property as a rental, and for setting up filing of revenue received and paying the sales tax.

Late penalties are stiff, and they find out when homes are rentals with the owner not paying the taxes, by looking at property tax records, property tax billing addresses, main residence address, homestead exemption on one home and having another here, etc. Owing back-taxes on a rental of less than 6 months can result in liens on the property, plus heavy fines and interest, on top of back taxes owed.

Call: Leesburg Service Center of FL Dept. of Revenue
352-315-4470 (ET)
Suite 103
1904 Thomas Ave
Leesburg, FL 34748-3285

FL Dept Rev - Registration and Account Maintenance