Rental prices
 

Thinking of buying a second home to rent. What price do most get for summer and winter on a 2 bed, 2 bath patio villa? Any advice appreciated!

There is a website that shows patio villas for rent and has the monthly rental price for each one.

If I gave the name of the website, it would probably be deleted. It should not be hard for you to find.

In my opinion, the price may depend on the location. A villa for rent in Chitty Chatty may not be as expensive as one near Sawgrass Grove.

Villagers Homes 4 Rent.

Yeah, that is the website. We used when we moved here 5 1/2 years ago and needed to rent a patio villa for 6 months until our new house would be ready. Since it was May thru October, we got it for only $1050 per month.

You will have to buy a re-sale as I heard that they now will only sell new homes to owner occupied buyers.

Rental prices
 

We rented a relative new 3 br designer home for 3200.00 a month for the winter months in about that same timeframe. My guess about one third higher now. You can do the math.

Pet friendly rentals that include a reliable golf cart with good range are hard to find and will demand a premium. Also, if the rental is close to Championship golf courses, regional recreation centers, a variety of restaurants and shopping options, and a town square, it should be easy to rent.

..,.

If you are going to rent short term (any lease less than 6months+1day) you will need to collect from your tenant the “hotel” tax and pay it to the state. Also summer rentals by themselves are spotty since there are so many homes available during those months. IMO if you have a 75-80 percent ( of the home’s cost )mortgage you will have a hard time breaking even .

Summer Rental
 

:boxing2:I totally agree with you that it would be hard to break even for summer rentals at $1100 for a villa, you would barely break even with the wear and tear and maintenance and pay your mortgage.

The cost of a 2 bed 2 bath patio villa in 2001 started at 70K , a year later 90K both good investment. Today you may well pay north of 225K , may still be good a good investment.

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I rented a 2/2 villa in Fenny for 2 months in may 2019 and made the mistake of it being managed by the villages. It was may charged 1500- included everything. The plumbing burst 4 times because underground pipe exploded from tree roofs. They tried to keep my security but Visa voted in my favor. If you’re bored go for it

Wrong on the hotel tax. Whoever told you that is wrong.

That would be the State of Florida.

Some landlords claim they include the hotel tax in the rent so their renters don't see it. Some landlords who do this may actually pay the tax they owe, but who knows?

If you ask Florida what they think, they'll tell you that if it's a rental less than 6 months, the tax must be paid, and you must register to pay the tax before you collect it. The only thing that's unclear is whether it's legal to pretend to the renter that there is no tax that must be paid.

Summer rental inventory
 

I can attest to the availability of homes for rent in The Villages during the summer. I’ve rented a few near Sumter Landing and one in Chitty Chatty. They’re on Airbnb and the other one, it’s competitor.