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Old 11-24-2022, 07:44 AM
CoachKandSportsguy CoachKandSportsguy is offline
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Join Date: Jan 2019
Location: Marsh Bend
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Consider target renters profile:
over 55, fairly well off, thinking about retirement,
seasonal wanting to get away from cold/winter, one month average, 2 months special, 3-4 months rare
can do this with remote work, doesn't have kids (not a young person or family destination)

or future villagers wanting to rent to either figure out where to live
waiting for their house to be built (want to be nearby)
short term 4-6 months max type renter

or relatives of villagers wanting to visit who don't stay long
holiday timings 1-3 weeks max Thanksgiving / Christmas only . .

Competition:
Marketing brand name of The villages rentals when buying from the developer (owned by developer)
Lifestyle visits, with golf cart
More houses being built/sold (1% turned into rentals)
Houses with closer amenities, golf cart, shorter cart drive to town squares, number of golf courses within cart driving distance < 30 minutes

average cost of a standard house, annualized:
$18-$22 K, including taxes, insurances, bond, all utilities, amenity fee, deed required landscaping maintenance, on premise liability, excluding financing costs, depending upon size and age of rental.

Occupancy rate = 30% to 70%
Break even monthly rate for 4 months ~ $5,000
January -> April high season one renter, if you can get one
Off season =$1,000->$2,000 monthly rates

Just some ball park costs and you can get the rental rates from searching for rentals yourself


YMMV