[asianthree]

Originally Posted by Licismom

Wouldn't it be helpful to have laws that hold the homeowners responsible for problems caused by their renters? I know several areas in Florida and elsewhere have laws like that. Responsible owners are going to insure that their tenants clearly understand the rules. However, there are bad apples that just want the money. Since all they understand is money, stiff penalties would hit them where they live. Also, I'm seeing some stories on the various media that report on TV that list the residence as the TV but the age is well below the 55 and older I understood was the minimum age for here. Why is that?

Nope law states 20% can be under 55

[asianthree]

And how do you know who is a renter. Is there a sign stamped on their forehead. My parents stay at my house and they don't pay rent. Take care of the house, trim my rosebushes ( wish they didn't) and know how to drive the roundabouts. Course the parties I hear are way out of control.

[Licismom]

Thanks so much for the explanation re: under 55. Who is in control of regulating the %age?

[asianthree]

Originally Posted by Licismom

Thanks so much for the explanation re: under 55. Who is in control of regulating the %age?

When our son was looking at houses he was told TV was well under the 20%. Did not tell him where the stats came from. He is 46 wife is 48

[Licismom]

Several people have responded to the question about how other areas have handled the problems that few irresponsible renters can cause. Marco Island on the SW coast is extremely expensive to rent during season with the rates per WEEK frequently exceeding the rates per month in TV. There are private homes, hotels and condos. The condos and hotels are not really a problem as they have their own rules and 24 hour enforcement backed up by police and the Sheriff's department. Most private owners very responsible as are their tenants. However, it only takes one rotten apple... and unfortunately there are a few. Tenants rent for 6 people then bring another 6 or more. They throw loud parties, park on lawns, fail to follow the rules and generally disrespect the homeowners in the neighborhood. Unfortunately, the repeat owner abusers are now forcing the local government to step in. Planning Board I sure hope this doesn't have to occur in TV.

[john2]

why are renters allowed to have yearly rentals with children and owners can have children only 30 days?

[redwitch]

Originally Posted by john2

why are renters allowed to have yearly rentals with children and owners can have children only 30 days?

They're not. If they have children under 19, you can report them and they'll be forced to move along.

[downeaster]

Originally Posted by Mikeod

80% have to be 55 or older. The other 20% can be younger. Also, adult children (over 19) can reside with parent(s) and would be considered residents of TV.

Originally Posted by asianthree

Nope law states 20% can be under 55

Originally Posted by Licismom

Wouldn't it be helpful to have laws that hold the homeowners responsible for problems caused by their renters? I know several areas in Florida and elsewhere have laws like that. Responsible owners are going to insure that their tenants clearly understand the rules. However, there are bad apples that just want the money. Since all they understand is money, stiff penalties would hit them where they live. Also, I'm seeing some stories on the various media that report on TV that list the residence as the TV but the age is well below the 55 and older I understood was the minimum age for here. Why is that?

Here is the law:

http://www.gpo.gov/fdsys/pkg/PLAW-10...-104publ76.pdf

[kstew43]

there is one suggestion on a way to tell who is a owner and who is a renter....

in my process of buying the state of florida,"one house at a time".... and with my slight real estate knowledge,

if you look at the tax records for the county the home is located in.....the tax records will tell you the address of the taxed property....and a billing address.

if the two address's are not the same then....that means.....either they probably have renters or they leave the home empty part of the year, because the bills are sent to the main home or investment company who owns the property. or of course forclosed..the bank.

[asianthree]

Originally Posted by kstew43

there is one suggestion on a way to tell who is a owner and who is a renter....

in my process of buying the state of florida,"one house at a time".... and with my slight real estate knowledge,

if you look at the tax records for the county the home is located in.....the tax records will tell you the address of the taxed property....and a billing address.

if the two address's are not the same then....that means.....either they probably have renters or they leave the home empty part of the year, because the bills are sent to the main home or investment company who owns the property. or of course forclosed..the bank.

Or one spouse lives in one state while the other enjoys retirement in TV.

[kstew43]

Originally Posted by njbchbum

Would you be willing to identify the 'areas in Florida and elsewhere' as well as the laws they have that hold homeowners liable for the actions of renters? I'd like to look into that. Would also like to know how those 'responsible owners' make sure their tenants adhere to the rules they 'clearly understand'. Thanks

.

In regards to tenants, you can run a credit and get references, but unless your truely gifted....you can never know what your tenants will or won't do and how they behave until there in. we have been very lucky, but we do have a contract that explains if you screw up, and we are charged for your issues...in regards to the home, if we have to pay....we will bill you..the tenants.

this happens all the time in our rentals in tally......if the renters leave there garbage on the deck, the HOA sends us a nasty gram...we call it....and naturally i am on the phone with the tenant letting him know.....fix the problem.

In florida tenants rights are to the extreme, on the tenants favor, in my opinion and once there in, it takes a lot to get them out...

In regards to land owner taking responsibilty...for the renters....thats a given....The HOA or in the villages "the powers that be" would naturally blame the homeowner......the fines charged for discrepancies would go to the homeowners not the renters....The HOA doesnt know who you rented to...usually....they just know theres a problem and the homeowner must take care of it....

[dirtbanker]

Originally Posted by kstew43

there is one suggestion on a way to tell who is a owner and who is a renter....

in my process of buying the state of florida,"one house at a time".... and with my slight real estate knowledge,

if you look at the tax records for the county the home is located in.....the tax records will tell you the address of the taxed property....and a billing address.

if the two address's are not the same then....that means.....either they probably have renters or they leave the home empty part of the year, because the bills are sent to the main home or investment company who owns the property. or of course forclosed..the bank.

Or, they live there, have a trust, and the trust's mailing address is their accountant's office...

[kstew43]

Originally Posted by dirtbanker

Or, they live there, have a trust, and the trust's mailing address is their accountant's office...

lots of possibilities......i just brought up the common ways I knew....

My mother has her home in a trust so it will be eaiser to settle if she passes, and she still gets the tax bill delivered to her? so what do I know

[Packer Fan]

Originally Posted by asianthree

When our son was looking at houses he was told TV was well under the 20%. Did not tell him where the stats came from. He is 46 wife is 48

I bought at 51, they told me that they did not worry too much, currently under 55 owners are less than 8%.

My two cents on rentals - I just read 10 pages, and a lot of it is misinformation. My experience is renters pay all up front, are wonderful people, and leave the place clean and nice. Most people start as renters. The renters here are not "normal" renters - they are the kind of people who can write a check for $12000 for the season - sometimes half of it a year ahead of time - and not even think much about it. We are talking Hardworking, well of professionals, businessmen, etc. They have been successful in life, and want to enjoy themselves. They understand the value of the first class place that is the villages. They are not going to botch it up.

Just my 2 cents.
Ed

[Greg Nelson]

Well put Ed! And my wife is a cheese head!