Talk of The Villages Florida - View Single Post - Rental Property question...
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Old 12-02-2020, 04:43 PM
cb1972 cb1972 is offline
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If you already own the property ( no mortgage) renting it out may be an option. If youve never rented it before you may be able to use the current value as the basis for future capital gains when you sell. The above mentioned web site is a great resource you can see going rates for seasonal and year round leasing ,see about cleaning fees, down payments, security deposits etc.. Seasonal renting may be an option because of the higher rents and less wear and tear. Of course the house would have to be furnished , with houshold items etc.. Rental agencies charge up to 20 percent but if you live in the Villages you can take care of alot of the tasks ,checking renters in etc. ,if you choose. It would make sense to check with your accountant and attorney for advise.