[jimjamuser]

Originally Posted by merrymini

STRs do not belong in this community. The renters simply do not care and neither do the owners or they would allow their house to be leased that way. They especially do not care about YOU, their neighbor. File a complaint? The renters are long gone before anything can be done. Rules can be enacted that restrict that behavior and they should be, restricted STRs would benefit our communities not hurt them. What are hotels for but STRs? Let them go the Waterfront Inn, the Brownwood Hotel or any of the other nearby hotels but keep them out of our communities.

Extremely well said.

[jimjamuser]

Originally Posted by OrangeBlossomBaby

The problem is that The Villages is spread across three different counties, there are multiple quasi-municipal governments within the community, each in charge, of their own districts. To compound the complexity, it's a deed-restricted community, with rules and regulations supposedly MUCH more strict than the towns and counties in which they are built. They still have to abide by the zoning laws of the counties. And that's really the only place where you can address the matter of short-term rentals for *existing* properties.

New properties in new neighborhoods that haven't had their deed restrictions written yet - can absolutely forbid short-term rentals. But it's the developer who writes these deed restrictions. And they don't care who lives in the house after they've been paid the purchase price from the original sale. It's not in their best financial interest to restrict who is and is not allowed to buy the homes they build.

Very correct, in my opinion.

[JoMar]

Originally Posted by CoachKandSportsguy

Senate Bill 280 (2024) - The Florida Senate passed the FL house tonight

The bill increases local oversight on STR, short term rentals, with penalties of registration suspension.

Maybe will help flush some STRs out of the system.

Appears to be an additional revenue stream to the State, and additional cost to the local government (which will be recovered through the tax base...us) and an increased cost to the owners (which will be recovered through the snowbirds). While I only scanned the 1000+ lines of text it appears hotel rates will also be impacted. Enforcement will be done by? I also wonder if local government is defined as Wildwood, Lady Lake, Fruitland Park or does it roll down to the CDD's? Lots of questions.

[BrianL99]

Originally Posted by jimjamuser

I am very impressed with this post !!!!!!!! It seems to be very "thought provoking". And appears to come from an EXPERT on the SUBJECT. I LEARNED a lot........thanks.....KUDOS !

Thank you Mr. Jimjamuser. I have some experience in the subject.

[OrangeBlossomBaby]

Originally Posted by mntlblok

Am I to get the sense that political donations are what might skew the operations of the CDDs? Have recently read similar things about the sugar business gaining outsized influence. Apparently the Fanjuls have members in both parties. :-) Never been a fan of mercantilism.

Have long wondered why it seems to be that only Illinois politicians ever get sent to prison over corruption issues. Well, maybe the occasional Louisiana one. . .

A Connecticut governor went to prison twice for corruption. It was a huge state, and then national scandal. Check out John Rowland. His first jail term was 10 months in 2006. He'd resigned in 2004 because of the corruption charges. Then, he had a whole new set of charges, and was sentenced to 30 months, went in 2015 and got out in 2018.

[Normal]

Originally Posted by JoMar

Appears to be an additional revenue stream to the State, and additional cost to the local government (which will be recovered through the tax base...us) and an increased cost to the owners (which will be recovered through the snowbirds). While I only scanned the 1000+ lines of text it appears hotel rates will also be impacted. Enforcement will be done by? I also wonder if local government is defined as Wildwood, Lady Lake, Fruitland Park or does it roll down to the CDD's? Lots of questions.

If a listing is advertised on line, it can easily picked up with inexpensive software by local authorities . I would think the city can impose hotel taxes on STRs to pay for any expenses and raise revenue for other projects.

[OrangeBlossomBaby]

Another option the counties can look into:

Any rentals of single-family homes, with fewer than 6 months + 1 day *in a residential-zoned area*, must have an additional 2% STR tax imposed on them. That would exclude trailer parks and RV/camp parks, where the majority would be renters and short term tenants.

Any homeowner who rents, and doesn't pay that tax, and is caught, would be on the hook for the 2% STR tax they were supposed to pay for the privilege of renting, PLUS an additional $5000 fine. Anyone who doesn't pay the fine, gets a lien put on their home. No exceptions.

In other words, de-incentivize investment owners.

[BrianL99]

Originally Posted by margaretmattson

This is why realtors and appraisers use the median sales price of similar homes to price a new home on the market. But, thanks for rewording what I said.

This is easy to do yourself. Say you own a gardenia model.

1.go to vls and type in gardenia as your search. All gardenia models currently for sale will pop up.

2. Eliminate the homes that have a pool or a view if yours does not have this. Or vice versa.

3. Look at the prices of the homes remaining. Your actual sales price will most likely be the midpoint of these prices. You can attempt to ask higher, sometimes this works. For example: A cleaner home sells better than a messier one.

4. If your asking price is well above what others are asking, you are OVERPRICED.

Originally Posted by Normal

Had a neighbor a couple weeks back do the same thing but added a step. The gardenia was averaging 449K, they wanted to sell so they listed it at 419 and it sold right away. The more aggressive the price, the quicker it sells. They didn’t care for the competitive sales atmosphere and grandkids were the driving factor for moving back up north.

Originally Posted by BrianL99

Amateur hour.

Bring in a professional to give you a market analysis.

When god created real estate, he also proposed an axiom that has survived the test of time.

The first 2 posts above, neglect that axiom.

Real estate values, above all, follow one indisputable rule:

Location. LOCATION. L O C A T I O N.

The "location" isn't The Villages. The "location" isn't Amelia nor Mallory.

The "location" is:

How far away is this home, from the things that are important to me. Golf, tennis, my favorite Town Square, my sister, my doctor.

In The Villages, the over-riding "location" considerations are, how far from my favorite square, golf course, pool or friends. You cannot quantify that, by looking at real estate listing on line.

Which is why a professional is your best bet.

[jimjamuser]

Originally Posted by BrianL99

Very well from the Developer's perspective.

Just Google Gary Search and/or Oren Miller.

That answered the question very well !

[JoMar]

Originally Posted by Normal

If a listing is advertised on line, it can easily picked up with inexpensive software by local authorities . I would think the city can impose hotel taxes on STRs to pay for any expenses and raise revenue for other projects.

So who is the local authority, Wildwood, Fruitland Park, CDD? Also, I believe the tax goes to the State, not the local authority so who pays for the inexpensive software and the personnel to monitor and enforce?

[Normal]

Originally Posted by JoMar

So who is the local authority, Wildwood, Fruitland Park, CDD? Also, I believe the tax goes to the State, not the local authority so who pays for the inexpensive software and the personnel to monitor and enforce?

Wildwood can tax as they wish. A CDD may find it more difficult. I don’t know that they have the authority to impose a tax like Fruitland, Wildwood or Leesburg does.

[JoMar]

Originally Posted by Normal

Wildwood can tax as they wish. A CDD may find it more difficult. I don’t know that they have the authority to impose a tax like Fruitland, Wildwood or Leesburg does.

And those that don't live in either Wildwood or Fruitland Park or Lady Lake only have the CDD or the County.

[BrianL99]

Originally Posted by Normal

If a listing is advertised on line, it can easily picked up with inexpensive software by local authorities . I would think the city can impose hotel taxes on STRs to pay for any expenses and raise revenue for other projects.

The problem is, it's not easily picked up online.

AirBnB represents something like 80% of the market and they refused to provide the data and have changed their software numerous times, to prevent taxing authorities from identifying properties. The do have some agreements in place, mostly with larger cities, to collect local taxes. The do collect taxes, for at least 49 out of the 50 states.

Inside Airbnb'''s '''Guerrilla War''' Against Local Governments | WIRED

6 Reasons Why Airbnb Does Not Show Address – ProVsCons

[Pairadocs]

[QUOTE=CoachKandSportsguy;2308395]Senate Bill 280 (2024) - The Florida Senate passed the FL house tonight

The bill increases local oversight on STR, short term rentals, with penalties of registration suspension.

Maybe will help flush some STRs out of the system.

Hope so, ruining our neighborhood close to LSL, and probably others. Neighbors have tried, unfortunately many owned by villages employees (true in our neighborhood) and to crack down on this apparently would have financial impact overall on the villages as many sales are to those affiliated with the villages and own strings of these. In our neighborhood surprisingly large homes ! When this first stated some years ago, we foolishly thought it might be confined to the small (colony) type villas ! ?

[Pairadocs]

Originally Posted by BrianL99

Amateur hour.

Bring in a professional to give you a market analysis.

Seriously ? A "professional" ? A sales person, no way. But, to each their own. I believe most people do have a reasonable idea of what their home is "worth", but also have noticed many tend to think their home is worth more than whatever and where ever the market happens to be in their locale. Had one neighbor in the villages get a market "analysis" from a sales person, WAY more than the owners had determined would be a "fair" price. They "argued" a bit for their preference, but gave in to the agent. Then month after month the AGENT suggested they LOWER the price, 5K, then 12K, kept wanting to drop it... interesting that it did finally sell at exactly the price the owners had told the agent they wanted to price it at initially, but the agent felt that their "valuation" just wasn't to be considered, too "unprofessional" probably LOL !