What are your experiences with renting out your house or investment property?

[ComingfromCT]

What are your experiences with renting out your house or investment property?

My wife and I am in the midst of buying a house in TV, Yeah! We are not financially quite ready to retire and move in yet but wanted to buy before the house prices went up any higher. So we plan to rent our place unfurnished for a year or more.

The question is do we have the Villages rent our place or do we try to do it ourselves. I figure that you all probably could tell us how easy or hard that is.

Lastly, I don’t probably know how to properly use the site so please up front let me profusely thank you all! The few questions I have put up in the past have been met with greatly helpful answers and offers. You have all been so kind!!!!

So………. Do you have any comments, suggestions, words or wisdom in regards to renting an unfurnished home at TV??

[asianthree]

If you are buying new build, new rule is you can’t use it as investment property. If you are buying preowned you will have no problems. You can get ideas from the villagers 4 rent… on long term

[Garywt]

Many use various companies to help them. I am sure that thousands of rentals go fine but I have heard some horror stories from when it didn’t go well. We bought almost 3 years ago never planning to rent out. We don’t want anyone using our house. We only get down 4-8 weeks a year but someday we will be here more.

Good luck, hope it all works for you.

[Cookie Princess]

If you are buying new build, new rule is you can’t use it as investment property. If you are buying preowned you will have no problems. You can get ideas from the villagers 4 rent… on long term

I was not aware of that change. Does that mean you can't rent it forever, or just for a certain amount of time after purcharse?

[MSchad]

If you are buying new build, new rule is you can’t use it as investment property. If you are buying preowned you will have no problems. You can get ideas from the villagers 4 rent… on long term
Not true. You most certainly can rent your property. You can’t buy and then sell for a profit in the first year.

[DAVES]

If you are buying new build, new rule is you can’t use it as investment property. If you are buying preowned you will have no problems. You can get ideas from the villagers 4 rent… on long term

That is interesting. You can always learn something. Our tax code is ONLY 86,000 pages.
I have never rented real estate but of course know people who do. I would expect due to covid, it is far harder to evict tenants who do not pay etc.

[charlieo1126@gmail.com]

Thanks now I don’t have to say what you just said