Quote:
Originally Posted by mgwano
Good afternoon all,
I would like to get opinions on buying a place in The Villages and renting the unit out for part of the year. I was thinking about using the Villages Home Town Property Management. I’m from up north in Chicago and being an airline pilot I would have the ability to fly down as frequently as I want. Can I please have some information from residents and people who are currently doing this?
thanks in advance,
Mark
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Mark, as Bob Dylan once wrote "The Times They Are A Changing"
Soon the developer will be putting quite a lot of 1, 2 and 3 bedroom apartments on the rental market within walking distance to Brownwood's Paddock Square....to some extent these will compete with the private investor looking to rent a stand alone residence.
The designer-style house directly across the street from me has been a rental from the start...it was built in 2015....the owner has been able to rent it for either 3 or 4 months every year...from January thru March-April...often the same folks came back 2 years in a row
At best she's been breaking even on it, she's bailing now. How much the real estate fees going in / out will bite into her gain due to appreciation is a factor
good luck
With the stock market down like it is...you might get a better return on your investment in a depressed blue chip with a nice dividend