Has anyone else noticed homes are not renting as fast.
 

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

Could be anything but I am guessing there are a lot more houses to rent. Everyone seems to be buying houses just to rent them out.

There are people that wait until the fall to list their homes because they can get a premium price as a 'last minute' rental. At least that's what I would do if I were to rent our house.

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

Have you estimated how much your heating costs will be by staying home?

I don't know if the rental market is softening - but the stock market sure is. Americans have lost about $9 trillion dollars this year alone. I would think that would have to have an impact on people's spending - including renting a home in TV.

Not a problem.
With all this Global Warming, we will probably sitting in the shade in garden most of the time!

Actually we have a very ecologically built house, lots of insulation, triple glazing etc.
It will not cost half of what the car rental companies were asking for just 3 months rental.:22yikes:

December usually was not as rentable as January/February/March. If January is available it a owner who broke up the 3 month high season. We had 2 rentals, one unfurnished was long term, same tenets for 10 years. The other furnished rented September 1 to April 30. Averaged 30 to 60 possible tenants that we had to turn down. Sold both when market went crazy here

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

[QUOTE=Babubhat;2143722]Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors[/QUOTE]

Definitely another factor.
I have always had a US.$ account and topped it up whenever our Pound was strong.
Last time I added to amount it was $1.40 to the £
Sold them off recently when we decided our Village stays were over.
Profit will probably cover our winter fuel bill!

Yes! Especially in the South- I’m considering renting mine (North) and wanted to get a sense for what the rent should be so I went on 3 sites- 90%+ homes for rent were in the new areas.

Rentals
 

A small courtyard villa went from 3800 to 4800. Extra 3000 plus for 3 months. Heat won’t be that much.

And they’re renting despite that deed restrictions in the newest areas don’t allow rentals (my understanding). I could be wrong.

Sorry to hear that.

totally agree. The overall cost has skyrocketed. A lot of folks in TV live in a world where they seem immune to what is happening in the rest of the world.
Not saying that's bad just a fact,

Mortgage rates are skyrocketing Inflation has hit everything including car rental costs utility costs etc

the National Debt is ballooning

Gas will be going back up and the stock market is plunging except for Energy stocks.

Recession is either here now or soon to be .

A new world order is forming aligning Russia China India and whole bunch of countries we depend on for oil .

the world has changed a lot in the last 2 years and eventually TV will feel it with housing prices coming down and less renters for the foreseeable future

Rental prices in The Villages have gone up so much that they are out of normal peoples reach. Homes that were $3,000 a month just a couple years ago are now $5,000. Greed has taken over. Friends that wanted to rent in The Villages have gone elsewhere for the winter. I guess it’s supply and demand?

I put my home on the market recently. The season rental was booked within 48 hours. The November and December monthly rentals are still open.

Yes you are

If you live long enough, you will see the prices rise and the marketplace always seem to stabilize. It's supply and demand.

yes you are wrong. Check Zoning for that area If a person buys a house and its zoned short term rental it will always be short term rental

A lot of truth to that statement. Bet there are a lof of new investors out there who are in the rental market and need to cover their higher cost investment.

Possibly there might be a more renters coming to TV since Fort Myers beaches have been devastated.

It will increase demand.

Rental
 

Have a rental next door to my lanai, if never gets rented is fine by me. Privacy factor. Rather have a permanent resident.

I usually get people for my home by word of mouth , sometimes they are repeaters ,but I always wait till late November , when price goes up .I’ve never missed out on getting renters , and even if I did ,I would just leave the place empty, as for people talking about greed , I thought we lived in a free market , I have something to sell and someone wants to buy, if they don’t buy I may lower the price , free market .

Yes you seem to be right. I have a villa in Monarch Grove that I try to rent out during the winter months after I leave each fall. I have February and March rented but not December and January. Everybody wants February, March, and April. It seems the holidays make December less desirable. But I’m not quite understanding why January is not a top pick. Let me know if you have friends or relatives that would like to rent a villa in December or January. Three bedrooms, two baths fully furnished. 720-260-6161.

Costs more to live, some people don't have extra money for fun in the sun.

Too expensive

The Villages Bull Chit story’s
 

The Villages sales tells people, You Can Rent The Home out, Until Your Ready To Move Here... What a load of B.S ... They don’t tell you there are over 8,000 homes for rent!!! THEY ARE ONLY LOOKING TO SELL THE HOMES..

Rentals in TV
 

Overall the economy has changed dramatically in the last 12 months. However there will be many snowbirds looking for rentals with the devastation in the Fort Myers area. The people who planned on renting will be displaced and will still want to get out of the cold and snow. I don’t think the reality has sunk in yet and many are waiting to see if their rental will be available. Once the owners get an eye on their properties they will be notifying their tenants and that’s when it may become tough to find open rentals in TV.

why don't you just stay fulltime? is it a visa thing?

Rentals in TV
 

Overall the economy has changed dramatically in the last12 months. However there will be many snowbirds looking for rentals with the devastation in the Fort Myers area. The people who planned on renting will be displaced and will still want to get out of the cold and snow. I don’t think the reality has sunk in yet and many are waiting to see if their rental will be available. Once the owners get an eye on their properties they will be notifying their tenants and that’s when it may become tough to find open rentals in TV.

Many aren’t “marginal” renters, (I find that classification snooty), but are rather wise renters. The costs have surpassed the value at this point.

We've been renting for the past six or seven years and rental prices are noticeably higher this year, as well as purchase prices on homes.

Sent PM.

Bingo ! that's why 3 of the 4 couples from our former town are NOT coming for the first time in 12 years.

When foreign renters are being crushed by energy and inflation they stay home. Not snooty. Reality

I have a feeling Two Bills is not living on the margins, the cost have surpassed the value and he’s no fool.

It’s not only the economy, there is an over abundance of rentals. A lot of people bought for rental purposes
for now, thinking of moving here in the future.

I fully expect that during the high season, this place will look like a ghost town. Come Spring, expect foreclosure signs up and down your street. Following that, the Morses will be homeless, living in one of their polo horse trailers. Yep...
By July, all of the people who held off from buying during the bubble will have been vindicated as they will scoop up properties for pennies compared to what they would have fetched a few months ago...
Me? I'm totally screwed.

January is cold here and expensive.
January is the coldest month almost everywhere.