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
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Old 04-21-2020, 10:19 AM
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Finchs Finchs is offline
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Default Please Clarify
Quote:
Originally Posted by mamahaffen View Post
We purchased a designer home 2 years ago. We have Realty Exec. manage the rentals which are usually seasonal (Jan-Apr). They take care of cleaning, problems, taxes, etc at 15%. We don't "make money", but we have a home when we want to visit (3x yearly) and have a place we live ready when we decide to move
Your list of expenses that the management company takes care of just can't be right; if the company only gets 15% and they pay taxes (Florida Room tax is 9%), cleaning (I had to pay $120 per month for that), and they get and handle tenants...they must be going broke working like this.