Talk of The Villages Florida - View Single Post - Buy and renting the unit out during the year
Thread: Buy and renting the unit out during the year
View Single Post
 
Old 04-21-2020, 07:13 AM
mikeritz53 mikeritz53 is offline
Senior Member
Join Date: Aug 2014
Location: Woodbury
Posts: 99
Thanks: 0
Thanked 59 Times in 41 Posts
Default
Quote:
Originally Posted by mgwano View Post
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
Almost all companies charge 15-20% of the Rental income which is a significant amount for the J-A prime Rental season. After May until you get to the Nov/Dec Holiday period the rents are minimal. It is important to use a Realtor that understands the Rental market as there are types of properties and especially areas that rent better than others. Check the Village Sun Classifieds, there are a few companies in the Home Watch section and 1 there that charges a Flat Fee as opposed to a % which makes it easier to Break even or even see a profit.