Talk of The Villages Florida - View Single Post - how easy is to rent your home until you ready to move
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Old 10-03-2011, 01:30 PM
Bryant Bryant is offline
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My brother & sister-in-law visited us in 2005 or 2006. They liked the Villages but because the Villages couldn't guarantee them substantial renters (they hadn't retired yet), they bought a furnished condo in Orlando for $225K. Apparently they were told there would be no problem renting it. They also thought it would be nicer to have a place near Disney that the kids could visit. Fastforward to 2011, only 1 child visited the condo for 1 night. They themselves have visited it for less than a week each year. It has been rented out probably no more than a dozen times by mgmt. Comparable units in their complex are now selling for about $75K now (and their monthly fees are approx. $300). I wish they had bought here because even if they hadn't rented it much, they would not have seen their money go down the drain. The Villages is a good investment (IMHO).
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The Villages (Polo Ridge; Piedmont), Toms River, Brick, Spring Lake Heights, NJ and Bronx, NY