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Originally Posted by ijusluvit
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Having rented our home when we are not here for 7 years, I find guests in TV to be particularly considerate and responsible. I don't think that's a surprise for a community of mature adults. I think the biggest ingredient in successful renting is the property manager. Being far away for months of the year I simply cannot manage it myself or through a home watch system alone. After three other managers, including The Villages Property Mgt., I now have the best manager in the whole wide world. Her name is Vilas Hinkle and she takes care of every detail. It is so good to know everything is regularly inspected and cleaned. We have a great arrangement for advertising and I have no trouble renting whenever we are not there. Part of that though is because we have a pool, which attracts summer rentals. In the end, I am able to cover all of the costs of maintaining my home (except the mortgage). If you plan to be at your new home less than 29 days per year, you are also able to take tax deductions for many of the expenses of the rental property.
There isn't a downside, because of my manager. In fact, because of the rental income, and because I like to do things myself, we have added thousands of dollars of extras to our home when we are there. That is very rewarding and actually fun. Just send a PM if you want more info. Good luck!!
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If you dont " mind , can you send me your experience and some knowledge of managing a rental. do and dont's long distance, also info on how the tax works, i read your old forum, since im thinking of buying a rental until i can get there, before buildout and prices increase. any knowledge would be greatly appreciated. Plz send PM Thank you