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Originally Posted by Raywatkins

I agree with the comments made by Ed - you are not going to get rich from the rental revenue. The market does seem to depend on area but that is largely due to the facilities and what people want. We have a house that is mid way between Sumter and Spanish Springs. Lots of facilities and entertainment choices. We could rent 4 or 5 times over in the Jan to Apr period. Next years renters have already asked us to keep the dates for them for several years ahead. Our summer rentals are also strong each year.

The “South” is a different animal all together. There are currently over 400 family apartment style units almost completed or being erected on the corner of 466A and Powell. In addition Wildwood has a brand new development that just started breaking ground last week between the new Home Depot and Target store area that looks massive. Add in the new non Villages units on the south side of 501 and you can see many options opening up for new Floridians. What once was a limited market is now morphing into something much different. Thousands of options are changing the old school playing field. I agree with the group in saying, “You aren’t going to get rich owning rental property.” It couldn’t be more correct as the tea leaves are being revealed for the next decade. If you own a rental, now me be a good time to egress into the “Cash is king” mode.