Talk of The Villages Florida - View Single Post - Information from those who rent their homes
Thread: Information from those who rent their homes
View Single Post
 
Old 06-13-2023, 07:47 AM
OrangeBlossomBaby OrangeBlossomBaby is offline
Sage
Join Date: Feb 2015
Posts: 10,377
Thanks: 8,316
Thanked 11,531 Times in 3,881 Posts
Default
Quote:
Originally Posted by BlueStarAirlines View Post
Agree. There are several homes that are now up for sale in my village (close to Brownwood) that were owned by investors (close to the one year mark for new purchase). I was told by one that a landlord could still cover most of the annual costs, but the combination of lots of rentals, high interest rates, and increasing costs are making it very difficult. He made it sound like those that bought during\pre-COVID would do okay as homes were significantly cheaper and those without a mortgage.

I agree that I don't see how a landlord could cover mortgage + insurance + Property Mgr + utilities + CDD fees + maintenance buffer each and every month. If its a nice home in a good location you might break even for a few months, but its the longer slow season that will kill you....
Most people who buy here, don't get a mortgage.