Talk of The Villages Florida - View Single Post - TV Absentee Landlords
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Old 10-17-2008, 09:48 PM
ijusluvit ijusluvit is offline
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Back to the original question. I think the best way to successfully rent a TV property is to have a good manager. Don't assume Villages Prop. Mgt. will do it. They are fussy about which properties are included in their program and their fees and demands are the greatest. Until we fired them they not only bombarded us with every rule imaginable, but were not renting our place as frequently as we would have liked. We now have a fabulous private manager. Everything works, we are in complete control and we pay a 15% commission. Unfortunately, our manager cannot take on more properties at this time. If you're really depending on some rental income, find a good manager before you buy. Don't be afraid to rent even though your place is nicely furnished. TV guests seem to be the most considerate I've ever seen. And the last rule of thumb: the fancier your place is, the more you provide for renters, the more business and repeat business you will get, regardless if you charge higher rental rates. Good luck. This is a good time to go for it!