Bad idea!
[There is so much to consider. Who is furnishing the home?. I might not like your furniture. If something breaks say appliances , who's responsible to repair or replace? Who carries the home /renters insurance? Who gets the garage to park their car when everyone is there? Are pets not allowed with renter,, but yet you have and tag along your pet.. I know if I was renting someone's house. I wouldn't want the landlord cramping my style for 3 months, no matter how much of a discount in rent. Two important people you should talk to is your home owner policy insurance company and your accountant. I personally think it's a bad idea, but that's me..
QUOTE=ryoungs;2034623]I have done a search of forums but can't find any posts where someone has tried the scheme I am considering. This suggests to me it is probably a stupid idea, but I would be interested in advice.
I am considering buying a three bedroom home in the Villages (none picked out yet) and, as a snowbird, renting it out long term. When my wife and I, or family members, decide to use the house for, say, 3 winter months, the renter would have the use of only one of the three bedrooms plus common areas, but at a greatly reduced rent (similar to an airbnb but at much less cost for the renter). At all other times the renter would have the entire home to use as he (she/they) sees fit, but at closer to normal rental prices (which, again, would be less than it might cost them otherwise)
I do realize it would have to be a perfect fit between the renter(s) and myself, but it sounds like a win-win for us both. It would be an ideal situation if I had a relative or a good friend who wanted to do it.
Comments?[/QUOTE]
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