[Sandtrap328]

I would have my doubts as to whether or not a house in The Villages would qualify as Section 8 housing. Perhaps some of the manufactured homes would qualify but not those in the brackets above $250,000. The clients could not pay enough rent before the subsidy would kick in.

Owners could not break even on that investment.

A landlord does not normally do the day to day chores like unstopping a clogged toilet and certainly would never do a chore like unlock a door for a drunk tenant. Chances are the tenant would not even know the landlord.

[rubicon]

Originally Posted by Challenger

What authority would impose a limit on rental terms??

This is a very interesting question

[TraceyMooreRN]

Originally Posted by Sandtrap328

I would have my doubts as to whether or not a house in The Villages would qualify as Section 8 housing. Perhaps some of the manufactured homes would qualify but not those in the brackets above $250,000. The clients could not pay enough rent before the subsidy would kick in.

Owners could not break even on that investment.

A landlord does not normally do the day to day chores like unstopping a clogged toilet and certainly would never do a chore like unlock a door for a drunk tenant. Chances are the tenant would not even know the landlord.

Section 8 isn't the value of the house that is being advertised for rent. It is the monthly rent. Again, In Virginia our Real Estate Company owned multiple homes for Section 8 housing. The rent ranged from 750.00 month to 1400.00 month...no problem with having even the brand new homes put in the Section 8 pool.

I myself choose not to rent out our duplexes in Virginia through the program-due to constant inspections and turn over with tenant issues. However, for those in need it is a great problem--

As far as the Blue/Green card- simply call Sales Office for confirmation on the deed/spouse rules.

[mulligan]

Originally Posted by nitehawk

This thread has been very informative -- i am now in the process of looking for rental homes to own and will rent to section 8 as they are year round rentals -- guarantee payment of rent -- i will keep you informed of my progress of getting the paperwork for section 8. If anyone can help - please do

I really hope this is an attempt at humor.

[kittygilchrist]

Originally Posted by nitehawk

This thread has been very informative -- i am now in the process of looking for rental homes to own and will rent to section 8 as they are year round rentals -- guarantee payment of rent -- i will keep you informed of my progress of getting the paperwork for section 8. If anyone can help - please do

I can tell you that renters will call you to change a light bulb, fail to report water damage in progress, keep a nasty house, bring excessive family members to live there violating policy, possibly engage in illegal activities, be unstable in employment, and need to be evicted more often than general population.

The rent you receive is subject to change based on bureaucratic whim, or change in renter's situation. No one can tell you exactly what the rules are for the amt of rent.
Hope that helps. I thought it sounded great too. Be sure to get a carry permit if you intend to create a section 8 neighborhood.

[OBXNana]

Originally Posted by mulligan

I have seen ads for weekly rentals in TV. Now I notice an inquiry about purchase by multiple families, and purchase by a LLC. I believe that if we don't get a grip on these issues, we will have properties occupied by people that don't have a vested interest in our community, don't stay long enough to learn the local "rules", and won't make any attempt to educate themselves prior to signing a lease. I don't know if sales can be somehow restricted, and the duration of rentals regulated, but IMHO, the time has come to find out. I don't believe sales to any entity other than a real person should be allowed (not trusts, or corporations), and rentals should be at least 90 days (the longer the better). I do not mean to cast aspersions in all renters, but as we all have seen, 1 rotten apple can create a barrel full.

We settled 2/14. We set up the villa in mid March. We advertised on **** and the house has been rented steadily since that time. We plan to retire in a couple years, wanted a specific lot, and decided to use the property as a rental. We have had rental property in a beach area and are not new to the game.

We have had guests in The Village house for a month, 3 weeks, a week at a time, and in one case 3 nights. 100% of the guests renting less than a month were looking for property in The Villages (two have since purchased), were attending a birthday/anniversary family event for a parent/grand parent that resides in The Villages, and in the case of 3 nights a family member living in The Villages passed away.

We spent a week in July in the villa and were pleasantly surprised how well taken care of the villa was. We have a home watch that oversees things and they obviously were doing their job. We arrived this past Sunday at the Orlando Airport. The guests that left in the morning (were here for a week looking at property to retire in 6 months) left and the home watch could not clean before we arrived. Many thoughts went through my mind other than I'm tired, a clean freak, and I think I want to go back to PA. When we opened the door I held my breath. We had weekly rentals (13 different couples/groups) since July 4th week, the house had not been checked by the home watch after the last guest left, and the house was immaculate. The forks and spoons were still stacked in even piles in the silverware drawer. The beds made with clean sheets and the final set of sheets had been washed ready to go into the dryer. We leave very specific instructions and our expectations were met and exceeded.

We arrived ready to touch up paint and deep clean after 7 months of rentals getting ready for the winter rentals. Instead we attended Good Golf School, took a golf lesson, had the heat pump serviced, did some landscaping, and tomorrow the stairs going to above the garage gets installed. We will do the touch up painting while the steps are being installed and a deep clean is not needed.

We drove around many, many areas the last couple days to see first hand the houses in The Villages. In our travels of many miles enjoying the scenery the pride of ownership is quite apparent. Those who rent out their houses are not slum lords and those renting are not necessarily depreciating the value of the property.

Please don't lump all renters or people who rent their property into one category or another. One of the worse property's we have seen is next door and they are here year round.

[Schaumburger]

Originally Posted by OBXNana

We settled 2/14. We set up the villa in mid March. We advertised on **** and the house has been rented steadily since that time. We plan to retire in a couple years, wanted a specific lot, and decided to use the property as a rental. We have had rental property in a beach area and are not new to the game.

We have had guests in The Village house for a month, 3 weeks, a week at a time, and in one case 3 nights. 100% of the guests renting less than a month were looking for property in The Villages (two have since purchased), were attending a birthday/anniversary family event for a parent/grand parent that resides in The Villages, and in the case of 3 nights a family member living in The Villages passed away.

We spent a week in July in the villa and were pleasantly surprised how well taken care of the villa was. We have a home watch that oversees things and they obviously were doing their job. We arrived this past Sunday at the Orlando Airport. The guests that left in the morning (were here for a week looking at property to retire in 6 months) left and the home watch could not clean before we arrived. Many thoughts went through my mind other than I'm tired, a clean freak, and I think I want to go back to PA. When we opened the door I held my breath. We had weekly rentals (13 different couples/groups) since July 4th week, the house had not been checked by the home watch after the last guest left, and the house was immaculate. The forks and spoons were still stacked in even piles in the silverware drawer. The beds made with clean sheets and the final set of sheets had been washed ready to go into the dryer. We leave very specific instructions and our expectations were met and exceeded.

We arrived ready to touch up paint and deep clean after 7 months of rentals getting ready for the winter rentals. Instead we attended Good Golf School, took a golf lesson, had the heat pump serviced, did some landscaping, and tomorrow the stairs going to above the garage gets installed. We will do the touch up painting while the steps are being installed and a deep clean is not needed.

We drove around many, many areas the last couple days to see first hand the houses in The Villages. In our travels of many miles enjoying the scenery the pride of ownership is quite apparent. Those who rent out their houses are not slum lords and those renting are not necessarily depreciating the value of the property.

Please don't lump all renters or people who rent their property into one category or another. One of the worse property's we have seen is next door and they are here year round.

If a landlord in TV asked me to undergo a background check and pay the background check fee before I rented his/her home, I would be glad to do so and to pay the background check fee. I would also be happy to read and sign any deed restrictions in order to rent in TV.

[graciegirl]

Yesterday, on my way to Orange Blossom Garden for lunch, in the historic section, I saw a new shiny panel van that said something like "Rent in the Villages."

[Topspinmo]

Resales; who are we kidding, anybody can buy them and as many as they want. Age, Kids, location has nothing to do with it. It's about the money and what will stop them after they brought from living in the house! You got the sawbucks, you can have it.

Over heard this straight from the horses mouth. 30 something year old's with kids brought two houses (probably with daddy's money). Renting them out, stays with parents several times year has all the amenities us poor old retiree's have. SO the rules never do apply when profit can be made. That's the ugly truth in the so called 55 and over community.

[onslowe]

I maybe wrong but I think the underlying, unspoken problem is the 'habitual transient tenant.' People who have been evicted for non-payment or lease violations. Am I being a bit elitist? Some of you will readily say so. Am I talking about economic class restrictions? Yes, I guess I am.

I, and the vast majority of us, worked very hard to be able to own a home in TV. It is natural and reasonable to wish to protect our often largest investment.

A more pertinent safeguard system might require proof of one's existing permanent residence back in our state or province - not home ownership necessarily - deeds, leases, etc.

As to those unable to produce such, have a required submission of previous rentals or ownership in the past three years, with written consent of the applicant for landlord inquiry with previous ones.

I hasten to add that I am not in any way seeking to impede family trusts or other estate planning devices. I am talking about rentals to individuals. The short term rental which has been a tradition here would not be curtailed at all by an added requirement of proof of out of Villages permanent residence.

A very real problem though, does exist in trying to answer the wise question above - Who or what agency will promulgate these post deed restrictions on one's property use?




I know there are all sorts of problems that can be pointed out to me, but please remember this is a single post, not a legislative draft, nor a complete answer. So point out the shortcomings without personal attacks please.

[sunnyatlast]

Originally Posted by Sandtrap328

I would have my doubts as to whether or not a house in The Villages would qualify as Section 8 housing. Perhaps some of the manufactured homes would qualify but not those in the brackets above $250,000. The clients could not pay enough rent before the subsidy would kick in.

Owners could not break even on that investment.

A landlord does not normally do the day to day chores like unstopping a clogged toilet and certainly would never do a chore like unlock a door for a drunk tenant. Chances are the tenant would not even know the landlord.

Think again. In other places, literal mansions have been designated Section 8 because of the large number of bedrooms that are needed for a family, as stated in the last paragraph of this article:

Large gated South Florida homes rented by Section 8 tenants - Sun Sentinel

One thing that helps is the rule here saying that no children under age 19 can live in TV, despite the federal allowance for up to 20% of residents can be under 55.

.

[Carla B]

Originally Posted by Challenger

What authority would impose a limit on rental terms??

An interesting question. Florida condo law allows associations, through their documents, to limit rentals.

The Villages doesn't have a governing Homeowners Assn. We have a different form of government (CDD). Would it have authority to regulate rentals?

[Laurie2]

Originally Posted by tomwed

Can I sell half my house to my brother and his spouse and have 4 names on my deed?

If you are serious about this, do a little homework first. I think that if an owner is sued for some reason, the house could be fair game. This could be a lot bigger version of being penny-wise but pound-foolish.

I realize it's a financial risk vs. benefit thing. (I guess you now know where I stand on this one.)

But I am not a lawyer. Maybe Florida protects the house in a lawsuit. I don't know. But somebody who is truly thinking about this needs legal advice -- up-front.

[Vladimir]

Rental units in moderation is good but beyond a certain rentals to ownership ratio it does become bad. I'm sure most can point to neighborhoods where mostly rentals becomes a problem. I would love to know what the ratio is in TV.

[john1953]

It would be nice to have a party animal like you living next door to me."smiling"