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Originally Posted by celticsj
Hello, my wife and I are closing on a house in July. We are both teachers and have signed teaching contracts for this upcoming year, so we cannot move to TV until next summer. We hope to rent out our property until we can move here permanently and need help doing this. Is it better to hire a property management company or list it ourselves and then hire services to clean and take care of lawn care for us? Any suggestions or recommendations are greatly appreciated! Thanks!!
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We had a great experience renting our new CYV seasonally between 2016 and 2020. We chose to only rent in season and we collected the rent upfront, we also only rented for five or six months term to one tenant. We felt doing it this way reduced our risk of getting bad tenants. We used Villages Homes 4 Rent. We do have family in TV which helped with getting the renter into the house and managing some of the small issues that came up but I don't remember there being a lot of issues for our family to deal with.
We had a mortgage at the time so we we didn't make money but it took the edge off the cost of owning the house and renting in season only allowed us to visit for a few weeks during the summer.
The rental market was very good during these years but I haven't kept up with it since we retired so I don't know if it's more competitive now. One thing we did that gave us an edge was to allow a small dog, we had one ourselves, we could charge a little more and there were fewer rentals taking pets at the time.
I say if you feel you can rent it go for it, you'll figure it out. It may be a good time to buy right now, maybe??? Good luck.