Talk of The Villages Florida - View Single Post - Buying a home then renting it out
Thread: Buying a home then renting it out
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Old 05-26-2008, 12:11 AM
wlou wlou is offline
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Join Date: Apr 2008
Location: Richmond VA and TV
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Default Re: Buying a home then renting it out
We bought our home in the village of Amelia and closed on Dec 27th. We started renting it out thru the villages property mgmt in Feb. It (so far) has been great! They handle everything! Yes they take 20 % but we love the fact that they call our grass guy if they dont like how the grass looks, or will call the pset guys, the A/C people. etc.. They handle cleaning, renters, deposits eveything AND as far as taxes..They do charge us when we visit ( An amt equal to what they would have received from their 20%) and that way we do not ever have to worry about the 14 day rules of owner occupation with the IRs! It is working out well. It was rented the entire month of Feb and March. Most of April and 17 days this month ( May)... Hope this has helped! We will not be in TV Full time until about 4years or so...