Talk of The Villages Florida - View Single Post - What do you think about renting your home?
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Old 10-17-2009, 01:08 PM
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Pturner Pturner is offline
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Default Questions about rental self-mgment

Thank you so much to all who have responded. You're the best. "Good lord willin' and the creek don't rise," on Friday I become a Villager! Can't wait. The more I learn from experience, the more I hope to be as helpful to others on this forum.

It will be a few more years before we are full-time residents. I am wondering if we were to use 4rentbyowner, how we would handle some of the details. Should I fly in to meet tenants when they arrive? How do others who are not on site handle giving and returning of keys and other stuff? How could I help them feel at home and welcomed. Is there someone local who does a great job of handling these details and hospitality? What if an appliance breaks or a tenant needs other assistance when I'm not there? What else do I need to consider? Thanks much.

Concerning, JD Management. My biggest concern is potential hidden costs. A document they want us to sign states, "By signing this agreement, I/we give JD Managment and Marketing, LLC permission to order and pay for needed repairs for our home out of rental proceeds. If repairs exceed money currently in owner account, I/we agree to send the money required immediately..." Yikes. I realize we will have repair costs with owning any home, but I would expect to have options, get quotes, etc. in how I address the situation. Is this standard on property management contracts??

Last edited by Pturner; 10-17-2009 at 01:21 PM. Reason: To add another question