Talk of The Villages Florida - View Single Post - renting to own
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Old 11-29-2021, 08:23 AM
Dasher0928 Dasher0928 is offline
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Default Creative Room Sharing

Quote:
Originally Posted by ryoungs View Post
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?
My husband and I did something similar before we down-sized in Michigan- renting out two rooms to two different renters (who ironically became good friends). We even started out as strangers- our renters were post college students with jobs, who had no credit history and did not know how long they would be in the area. It turned out to be a wonderful exerience for us, as well as them. We enjoyed a few foreign dishes and ocassionally shared our dinner with them as well.

Here was an important factor, they were "digital natives" and spent a great deal of time in their rooms on their devices. So outside of an occasional meal, we led pretty separate lives.

Good luck in your endeavor-if you find the right match, it could be a great thing!!