Quote:
Originally Posted by retiredguy123
Thanks for your comments. I think that most homeowners would prefer to Iive in a neighborhood that doesn't have a lot of renters.
We don't know much about the OP, but would you buy a new house in an unfamiliar community and immediately rent it to strangers for the first year? I have been a landlord and it is much more of a hassle than people who have not been landlords often realize.
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I appreciate that question but in our case, yes, we would rent out a new house. Choosing the renters is critical and we have a tendency to make changes prior to our moving into a home anyway.
I know renting is a hassle but sometimes that makes The Villages scenerio possible for those hoping to buy in prior to their retirement. Their investment helps keep TV's healthy financially and continuing to develop without prices dropping for lack of sales. It's a mixed bag of blessings for current owners.