Quote:
Originally Posted by mulligan
The biggest mistake this developer has made is not restricting against rentals in any form in the deed restrictions. Renters do NOTHING to enhance the value real or perceived of the real estate in the villages.
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I wholeheartedly agree. We recently toured On Top of the World in Ocala and they only allow rentals that are a minimum of 6 months and one week and a maximum of one year. They also have real gated, secured roads. Both of these are very attractive to us. I don't think we are interested in moving there in particular but I am sure other communities do the same thing in case we ever decide to move.
The developer here loves the short term rentals because it helps to expose The Villages to a lot more people and thus may result in sales and the fact that they own a very robust rental company where they earn a lot of money in commissions managing those rentals.