[jdsl1998]

Hello, we are thinking of buying a lot in Hadley and having a home built on it. It could be done by Christmas. How much do you make on the rental program through The Villages? We have a home to sell in Ohio before we can move but the prices are so good right now, we go for it.

[golfnut]

If you want to know what you will make on a rental program through TV I suggest you talk to them. IMHO if you buy a lot in Hadley today the house will not be completed by Xmas. Just one more thought, sell the house in Ohio first then work on your TV plan...just my 2 cents....GN.

[rshoffer]

Originally Posted by golfnut

If you want to know what you will make on a rental program through TV I suggest you talk to them. IMHO if you buy a lot in Hadley today the house will not be completed by Xmas. Just one more thought, sell the house in Ohio first then work on your TV plan...just my 2 cents....GN.

I agree. Sell your home up North. I have talked to too many people that are now stuck with 2 homes and the one up North is going nowhere. Once it's sold, come on down and rent a place in TV for 3-6 mos. During that time you can find the perfect spot, home etc and learn all about TV. Or, come on down now... rent a place here and put your home up there on the market.

[ijusluvit]

Do not depend on anything from the Villages rental program. They are very choosy about the homes they put in their program and they can drop you with little or no notice. We dropped them after a year because they nickeled and dimed us for every fee imaginable, resulting in our receipt of only about 70% of the total rental income. They were a pain with all the extra rules and requirements about stuff like outdoor grills and golf carts. They will rent your place when THEY FEEL LIKE IT! You will not have any control over the occupancy rate or the times when you can use your own property.

We now rent our home through a manager who takes wonderful care of our home, for a more reasonable commission, and we make ALL the rules. He is unable to take on any additional properties but there are other agencies and private parties out there who do a similarly good job

[trav]

Do not ist with the villages. You will have little or no problem with renting it and will get all the monies derived from the rental. Why pay a commission to anyone? Send me a pm and I will explain how to proceed

[JohnN]

"make money" ?? or defray your losses after all expenses.
it's not easy money, so proceed carefully

[golfnut]

good advice john, i agree the best you can hope for is to defray a percentage of your annual expenses, actually make money renting, not to say it hasn't been done, but??? Not that there's anything wrong with defraying a big portion of the annual expenses, just need to be realistic.

[SteveFromNY]

jdsl1998 - do a search on property management. I and others were very pleased with the way TV PM worked, and it's been posted in other threads. I had a Gardenia in the program for 3 years. When I sold my house in NY in June I took it out of the program. I'd do it again in a heartbeat.
No it's not a money maker, but it does defray some expenses and creates some fairly sizable deductions. Remember, the expenses are legitimate business deductions.

[inda50]

It"s easy to get excited about buying, heck it's human nature. A better business decision is to sell first, then rent for awhile, know exactly what suits you best and then buy. You will learn alot by living here before buying. Believe me you will save money and make a much better choice.

[SteveFromNY]

jdsl1998 -
The decision to buy in TV first and then sell, or to sell up north first and then buy seems to me at least to be a really personal one, largely dependent on one's financial situation.
I think folks who can tell you what a "better" decision is are being presumptuous.
Only you can know whether or not you can afford to carry both houses for a period of time. And if you feel the right time to buy is now, then you must make that decision.
My personal experience of buying in TV then selling in NY 3 years later worked out just fine. I didn't rent for a number of months before buying, and I don't regret the house, the neighborhood or the financial side of the decision, and in fact would do exactly the same again. I think there are very few "bad" parts of TV and would imagine most "bad" parts are more opinion that reality. "It's too close to LSL, it stinks" or "It's close to LSL, it's great".
It's all up to you.