View Full Version : Rental Unit in Villages
maryanna630
10-07-2014, 12:07 PM
Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?
Deseylou
10-07-2014, 01:05 PM
I'm not flaming
Just wonder why you would want todo that
Bogie Shooter
10-07-2014, 01:24 PM
I'm flaming.
That sounds like a boarding house. I would not want it next door.
maryanna630
10-07-2014, 01:32 PM
Well, I didn't think this question was so out of line. I guess I am not going to get a non judgemental answer here.
rubicon
10-07-2014, 01:56 PM
Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?
maryanna: I believe it would be in your best interest to determine if the Committee would allow such building.
Sandtrap328
10-07-2014, 02:00 PM
Of course you would have to get architectural review approval for the building part of your question. I know of some in The Villages who rent rooms in the houses they live in for extra income.
There are other considerations too. The property tax would increase. You would be required to collect and pay extra taxes on the rental incomes. There is also the extra homeowner insurance cost. Lastly, remember that all tenants are not nice people and they may bring legal baggage you do not want to deal with.
Ohiogirl
10-07-2014, 02:11 PM
I'm not sure what "committee" a previous poster is referring to, but you can check the deed restrictions online (districtgovdotorg) (districtgov.org, I think) to see if it is restricted to single family residence. My guess is they cover that and you cannot add-on an additional unit.
I think there are some who have maybe added an in-law suite with maybe an additional doorway out to a patio or lanai, but probably accessible inside thru either a hallway or interior door. But - I don't know this for a fact.
Some people rent their homes during the high season for a month or two if they have somewhere to travel or a place to stay. You cannot make available a resident rental pass (the $50 one with free golf and access to popular activities like exercise classes) if you keep yours, nor can you get a regular guest pass for yourself if you are staying with a friend/relative if you are a resident of Lake, Sumter or Marion counties.
Would likely need to clear out closet and dressers in at least the master bath/bedroom and guest bath and tell the tenant you will have things stored in the other bedroom(s).
Some tenants (those who don't play golf or go to the popular activities) are ok with a regular guest pass, but it should be disclosed up front to the tenant.
CaptainMorgan
10-07-2014, 02:43 PM
We added an 18x25 Craft/Art Studio addition with a private entrance to our Lantana last year. We hired a contractor (Corban Construction) to develop our plans and then we had to get plans approved by Architectural Review Committee. That also involved extra approvals for removing a beautiful Live Oak Tree.
The addition is for my wife's hobby. It was not for rental income and we did not include a bathroom to make it a suite. Not sure if that had an impact on the approval.
Ed
Barefoot
10-07-2014, 02:50 PM
Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?
I assume if you want a suite for rental income, it would include an additional kitchenette and bathroom. I doubt the Architectural Review Committee would approve this in an area of single family homes. However there is no harm in checking with the ARC.
Bogie Shooter
10-07-2014, 03:00 PM
Of course you would have to get architectural review approval for the building part of your question. I know of some in The Villages who rent rooms in the houses they live in for extra income.
There are other considerations too. The property tax would increase. You would be required to collect and pay extra taxes on the rental incomes. There is also the extra homeowner insurance cost. Lastly, remember that all tenants are not nice people and they may bring legal baggage you do not want to deal with.
Kind of folks that get their names on the "other site".
maryanna630
10-07-2014, 03:24 PM
Thanks for the helpful answers. I appreciate it.
KittyKat
10-07-2014, 10:14 PM
No, you would not be allowed to do this. A mother-in-law suite is much different than adding on a unit to be used for rental. After we moved here 7 years ago the lady across the street added on a suite so she could live there & rent out the 3 bedroom ranch house. She got away with this for awhile but someone finally turned her in and now the house is just a rental. Because she added either a refrigerator or a stove, I can't remember which one, this made it a problem.
nitehawk
10-08-2014, 08:11 AM
my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes
graciegirl
10-08-2014, 08:13 AM
my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes
In the Villages?
Do slums cause slummy people or do slummy people cause slums?
A question from some class in high school that still sticks with me.
I frankly moved here because of how clean and neat this place is, due to deed restrictions. We have always chosen a place with deed restrictions and I think it protects your investment and your enjoyment of a community.
I suspect that you post was meant to bring up a social issue, but I am not ashamed of trying to raise our family in areas where crime was not a big factor and I am not ashamed of trying to live in an area where crime is not a big factor.
Bogie Shooter
10-08-2014, 09:30 AM
my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes
What is section 8?
Skybo
10-08-2014, 09:39 AM
What is section 8?
Bogey, Section 8 is housing assistance for people with low income. The renter pays a certain amount, based on their income, and the state kicks in the remainder of the rent to the landlord via vouchers. It doesn't necessarily equate to "slums" or tenement buildings as we may envision. It's available for single family homes and seniors with low incomes are among those who may qualify. But I don't know why nighthawk brought it up in this thread.
Chi-Town
10-08-2014, 09:42 AM
I shudder to think of section 8 rentals in my neighborhood, but I understand the economics. The owner will get consistent payment from the Public Housing Authority.
But I doubt if many homes in The Villages would meet the reasonable rent requirement.
graciegirl
10-08-2014, 09:43 AM
https://answers.yahoo.com/question/index?qid=20090120132129AA5Gh73
OBXNana
10-08-2014, 10:05 AM
I'll be honest, when we began looking at The Villages a few years ago we checked Section 8 housing in the area. We know the housing can be very nice and we also know it can be less than desirable. It depends, to a certain extent on the landlord. Not being at all familiar with The Villages when we googled Section 8, The Villages, Lady Lake came up. We thought Lady Lake was The Villages and we ruled Lady Lake out in the early days of looking. As we educated ourselves we learned Lady Lake encompasses more than The Villages.
I would be interested in nighthawks answer to Graciegirl and if the 3 houses owned under section 8 are in The Villages. Strictly nosy and recognize I have preconceived notions. In PA section 8 housing, overall, is grouped together and not typically a neighborhood with higher real estate values.
Sandtrap328
10-08-2014, 10:08 AM
Bogey, Section 8 is housing assistance for people with low income. The renter pays a certain amount, based on their income, and the state kicks in the remainder of the rent to the landlord via vouchers. It doesn't necessarily equate to "slums" or tenement buildings as we may envision. It's available for single family homes and seniors with low incomes are among those who may qualify. But I don't know why nighthawk brought it up in this thread.
Would the renter or the state be responsible for the trail fees, golf cart, insurance, and amenity fee?
What is the official Villages word on wether or not Section 8 housing is allowed in The Villages?
SIRE1
10-08-2014, 10:28 AM
This thread has got me to thinking about whether renters are age restricted as well as property owners. I've always heard that at least 80% of the home owners in The Villages have to be 55 or older.
Does this apply to renters which would also have to be over the age limit, even if they qualify for Section 8 assistance? Also, I wonder who keeps track of what the current "under senior age" population in The Villages is? I don't recall anyone asking my age when we bought our pre-owned home a few years ago.
manaboutown
10-08-2014, 10:41 AM
What is the zoning for the property?
I know nothing about Florida zoning much less that of the three counties in which The Villages lies. Probably most if not all of the homes within The Villages are located on lots zoned for single family homes. It seems to me this would preclude anyone converting their home into a multiple unit rental property.
I shudder to think about a neighbor's houses being granted section 8 status or turned into a halfway house for alcoholics/drug addicts/convicted criminals.
OBXNana
10-08-2014, 10:46 AM
This thread has got me to thinking about whether renters are age restricted as well as property owners. I've always heard that at least 80% of the home owners in The Villages have to be 55 or older.
Does this apply to renters which would also have to be over the age limit, even if they qualify for Section 8 assistance? Also, I wonder who keeps track of what the current "under senior age" population in The Villages is? I don't recall anyone asking my age when we bought our pre-owned home a few years ago.
We rent our villa until retirement and have wondered the same thing concerning the ages of those that rent from us. We've had 4 wonderful family groups where there were young children. In each case, the young family's were renting in order to attend a birthday or anniversary party for another family member that resided in The Villages. We asked our Sales person when we purchased, the restrictions for those renting the property and we felt we met the guidelines because it was for one week durations.
Your HUD question is a good one and I don't have an answer, just another question. Since section 8 is a government program, would it be discrimination to not allow someone to rent, regardless of age, in The Villages?
slipcovers
10-08-2014, 11:05 AM
Section 8 has very strict rules for the landlord and meticulous inspections, done yearly. No, the landlord can't discriminate but I don't know if that would apply to TV. Also each child of a different sex must have their own bedroom.
Senior citizens would qualify if their income is low.
I know of a woman that has a Lantana and rents part of her house, by the week or month, during high season. The front entrance is used as a separate entrance along with the master and a additional room with small frig and microwave. The rest of the house is closed off with a door. The Lantana floor plan is perfect for this arrangement. Don't know if parking would be a problem.
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