Quote:
Originally Posted by ryoungs
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?
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One of my neighbors back north did something similar. He owned a house near Tampa that he rented out, with the provision that the tenant had to be out from December 15 to January 15. Mike and family used the place every year around Christmas to get out of the Chicago cold, and his tenant went elsewhere to visit kids for the holidays. This arrangement lasted at least 25 years.