[redwitch]

There have been several threads on the pros and cons of renting your property. If you expect to make a profit, it probably won't happen. You should, however, come close to breaking even from what I understand.

There are several companies that will do the rentals, including advertising, for you. However, that pretty much guarantees you won't even come close to breaking even after paying their property management fees. By Florida law, only licensed realtors can actually negotiate rental prices for a homeowner. They are also the only ones who can physically hand the keys to the renters. (Others simply leave the keys in an accessible area and let the renters know where they are.)

To do it yourself, there are a few sites worth their annual fees for advertising your rental. The big one would be TheVillages4Rent.com.

To have someone watch your property, ensure your renters are happy is the best way to go. As Handie has mentioned, he does this. So do I (check with another_Linda for references if you're interested). There are also other companies/individuals that will do this for you.

Considering how low prices are right now, it may be well worthwhile to buy now and rent when you can or are not using it. Hope this helps you a little in your decision of whether to buy now or later.