Quote:
Originally Posted by justjim
No problem unless a house or villa in your back yard is turned into a motel/hotel.
|
Daily rentals are a fact in The Villages. This is what a motel/hotel used to be for. I see realtors in The Villages buying up Villas and even designer homes to rent out. Over the ten years we have been here it seems as though the number of rentals in the area has increased. The number of one day or multiple day rentals appears to make up the largest part of this trend. A 3 month rental to a retired couple from Nebraska is not a problem. It is the 3 day rental to three families on vacation. The reports from South of 44 seem to indicate that real estate investors may be buying a larger share of Village homes. Just look at all the out of state, large real estate developers who are building high rise (5+stories) apartment complexes and large tracts of small rental homes. The market has changed and different people are buying property here, in my observation. Someone with more information may be aware of the percentage of short term rentals today compared to prior years.