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Totally agree. Also with today’s prices you would be hard pressed to make much
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Do your own foot work , and act accordingly . IMHO |
Welcome aboard
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301 near 466A a mega apartment complex has begun construction 462 in Wildwood there are literally 300 apartments opening up before Aug 1. In addition, “The Cottages” have just opened (not sure of amount). Furthermore, new construction on a housing project next to St Vincent de Paul just broke ground On 466A directly adjacent to Colony a third party developer just purchased land and got approval for a large apartment complex. A third party builder has just initiated construction on 501 of several hundred high rise apartment units ( maybe they want to see all the Villages construction and Coleman prison?) In short, there won’t be much of a housing shortage here. The market will be saturated for some time to come. If you buy, ask yourself if it would even be worth it to rent it out. |
You'll likely only be able to rent it during the high season...maybe December until maybe April. Do not expect to rent it other months because it likely will not happen. You'll be lucky if during the high season you have only one tenant for the whole time. Don't be surprised if you have 3-4 tenants during the high season...perhaps one month at a time. You can restrict your rental to longer periods but will reduce the number of possible renters. If you're lucky to find a longer repeating renter hang on to them...makes your life much easier and you'll find a friend in them who will take care of your place while they're there.
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I'm not an expert in real estate, but my sense is that if someone buys a home here to rent expecting to make a pile of cash, they may be disappointed. |
Rentals flourish south rot. 44 buy there
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A lot of people are purchasing an online certificate (with just a doctor note) without actual ADA training to be able to call their pet a "service dog". Establishments are entitled to require ACTUAL ADA training certification service dog status. I know this as my daughter had an emotional support service dog (got an online cert) that was allowed to go certain places. Apartments would rent to her and they could stay in some hotels etc but not other places or hotels or apartments etc as her dog was not an ADA trained service dog. It all depended on the establishment's willingness to allow her dog to be there as a well needed "service" dog. Sometimes my daughter was denied based on the ADA TRAINING status requirement. |
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For me, the potential negatives far outweigh the positives. There are other ways to have your money work for you that do not involve so many potential headaches. |
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"Q17. Does the ADA require that service animals be certified as service animals? A. No. Covered entities may not require documentation, such as proof that the animal has been certified, trained, or licensed as a service animal, as a condition for entry. There are individuals and organizations that sell service animal certification or registration documents online. These documents do not convey any rights under the ADA and the Department of Justice does not recognize them as proof that the dog is a service animal." |
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I’m not sure where you are getting your information but there are no high rises going up on 501. |
Clarifying
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