Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Are rental #'s really this crazy? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/rental-s-really-crazy-351566/)

G.R.I.T.S. 07-23-2024 09:20 AM
…My houses are between LSL and Brownwood, which helps rent the off season, but I would not call Sawgrass "the middle of nowhere".

Sawgrass may not be in the middle of nowhere, but you can see it from there!🤣

tophcfa 07-23-2024 09:20 AM
Quote:
Originally Posted by Bill14564 (Post 2352127)
Not "type of unit" but unit number - essentially the neighborhood. The restrictions aren't for CDD 10 and there aren't separate restrictions for patio villas and courtyard villas and designer homes and premium homes. The restrictions are for neighborhoods or areas that were developed together. While I haven't checked, I suspect that there is a separate deed restriction document for each are with a separate bond assessment schedule.

The very specific language in my deed restrictions concerning not running business from a home specifies that you cannot run a business that requires maintaining inventory or customer visits. As I have argued in many past threads, providing a bed and a table is not "maintaining inventory" and the occupant of the home is not a visiting customer. (perhaps I am wrong but it will take a successful court case to show that)

As for "single family," be very careful what you are pushing there. I have had several overnight guests who are not part of my family. I haven't looked into what the law says about the difference between an overnight guest, a longer-term guest, and a second family occupying the home. Be careful you don't argue for a restriction that prohibits you from hosting your friends from back home or a non-married significant other.
It doesn’t matter what I argue if the violated restrictions are not enforced. And I didn’t argue the point, I had a conversation with the party charged with enforcing the restrictions (at least in my district) and he voluntarily acknowledged a paying tenant is entirely different than a non paying house guest (unrelated friend) coming to visit. Their opinion is that a paying tenant, in an owner occupied home, constitutes running a business out of one’s home (the tenant is a customer, not a guest), and it also violates single family usage. He didn’t specifically acknowledge their refusal to enforce the restrictions, he simply stated that enforcement of internal deed restrictions is difficult. However, their lack of action on following up on a formal complaint (to which they acknowledged two violations) is ample evidence of their refusal to enforce the violated restrictions. Further evidence is the changed wording in the newer district’s deed restriction language, which completely eliminates their requirement to enforce such violations and throws the burden back at homeowners.

Billrisma 07-23-2024 09:30 AM
Basic economics of supply and demand. Jan-Mar is prime time. When we could only find a rental for one month in Mar for $6500 for 2 bedroom, we decided to buy, hired a good Prop Mgr, had it rented in less than a month and has renter thru August and we control when we want to use it. Can’t beat it, join it! What’s the worse that can happen, even if owning is a loss, as long as the loss is no more that what you’d pay for rent, life is good…and hopefully sell with profit.

harby 07-23-2024 12:16 PM
Villa will do for between $1700 and 1900 at long term residence...will cost $3000 per mo at peak season (jan to mar or april). This will help you make a better & wiseful budget and take a good look at TV before you buy. Designer or whatever a luxury 3 bd house usually overprices so?

merrymini 07-23-2024 12:54 PM
I was a landlord for over 25 years and could not be happier after I sold those properties. I am not interested in the hassle and work involved. People overestimate how much a landlord makes and underestimate the effort involved. I like the relaxed retirement life without the hassles.

Karmanng 07-23-2024 02:21 PM
Quote:
Originally Posted by BrianL99 (Post 2351717)
I don't pay any attention to the rental market in The Villages, but this popped up on Facebook today and out of curiosity, I looked.

Rent From A Villager | Rental Homes in The Villages Florida | Advertise Your Village Rental


1500 sq. ft. 3 bedroom/2 baths. I guess it comes with a golf cart. Near the Shallow Creek Golf course and apparently 15 minutes from Sawgrass ... like Sawgrass is a huge draw.

$7000/month for January or February?

Are people really paying that kind of money for rentals in the middle of nowhere?
YES it can be done and demanded as those are the very prime months !!!

Karmanng 07-23-2024 02:23 PM
Quote:
Originally Posted by Wondering (Post 2352077)
That is crazy! Somewhere in the $4000 range is reasonable and the going rate.
NOT if its furnished and all bills covered by the owner plus a golf cart !!!

MrChip72 07-23-2024 04:59 PM
We are south of the turnpike, 9 minutes from Brownwood, nicely furnished 3 bedroom designer home including golf cart. We have a couple renting out Feb and March for $6500/month and they're repeat renters. We're pretty much in line with the going rate in a reasonable location.

You can find cheaper, but it's usually going to be a a mix of less desirable location, home not in great condition, cheaply furnished, and lacking amenities.

If people want cheaper, I suggest they rent in April/May. The weather is better anyways, and everything is much less crowded.

MrChip72 07-23-2024 05:11 PM
Quote:
Originally Posted by Bill14564 (Post 2352127)
The very specific language in my deed restrictions concerning not running business from a home specifies that you cannot run a business that requires maintaining inventory or customer visits. As I have argued in many past threads, providing a bed and a table is not "maintaining inventory" and the occupant of the home is not a visiting customer. (perhaps I am wrong but it will take a successful court case to show that)
People that somehow think that rentals are not allowed are oblivious. The Villages certainly wouldn't maintain their temporarily transferable resident ID system if that were the case. They know that a big selling point is people being able to rent out their home for part of the year. My Villages sales agent actively pushed that we could rent out our home when we weren't using it even. The Villages even owns a property management company that only manages rental properties within TV, not to mention that lifestyle visits are essentially a rental.

The wording in the deed restrictions could use some improvement though. I know that it's only meant to prevent people from running a nail salon or sell merchandise out of their garage.

tophcfa 07-23-2024 06:40 PM
Quote:
Originally Posted by MrChip72 (Post 2352235)
People that somehow think that rentals are not allowed are oblivious. The Villages certainly wouldn't maintain their temporarily transferable resident ID system if that were the case. They know that a big selling point is people being able to rent out their home for part of the year. My Villages sales agent actively pushed that we could rent out our home when we weren't using it even. The Villages even owns a property management company that only manages rental properties within TV, not to mention that lifestyle visits are essentially a rental.

The wording in the deed restrictions could use some improvement though. I know that it's only meant to prevent people from running a nail salon or sell merchandise out of their garage.
If you thoroughly read the posts in this thread, nobody suggested that it’s against deed restrictions to rent out your home when you aren’t there. What is against deed restrictions, at least in the older districts, is renting out part of your home while concurrently living in the home. People do it anyways, because the two internal deed restrictions being violated are not enforced.

BrianL99 07-23-2024 07:27 PM
Quote:
Originally Posted by MrChip72 (Post 2352235)
People that somehow think that rentals are not allowed are oblivious. The Villages certainly wouldn't maintain their temporarily transferable resident ID system if that were the case. They know that a big selling point is people being able to rent out their home for part of the year. My Villages sales agent actively pushed that we could rent out our home when we weren't using it even. The Villages even owns a property management company that only manages rental properties within TV, not to mention that lifestyle visits are essentially a rental.

The wording in the deed restrictions could use some improvement though. I know that it's only meant to prevent people from running a nail salon or sell merchandise out of their garage.
Finally, someone who gets it.

The Villages/Developer was all for the availability of "renting homes". it makes sense, in that it's in their best interests, to have homes occupied as much as possible. A huge part of the Developer's revenue is from all the commercial property they own. Higher occupancy, means higher rents for the commercial property.

What the Developer didn't foresee (nor did most anyone else), was the advent of AirBnB & other such platforms, that are able to put Joe Smith home owner into the "hotel" business.

I'm not so sure the Developer would have written the restrictions/covenants any differently, had he anticipated the short term rental market ... as evidenced by the fact, they haven't changed the restrictions in the newer areas.

I think eventually, we'll see the CDD's step into the breech, with restrictions on the Guest/Resident ID system.

MrChip72 07-23-2024 08:45 PM
Quote:
Originally Posted by BrianL99 (Post 2352272)
What the Developer didn't foresee (nor did most anyone else), was the advent of AirBnB & other such platforms, that are able to put Joe Smith home owner into the "hotel" business.

I'm not so sure the Developer would have written the restrictions/covenants any differently, had he anticipated the short term rental market ... as evidenced by the fact, they haven't changed the restrictions in the newer areas.
I would be 100% behind banning short term rentals. A monthly rental is reasonable. A weekend rental is not.

The short term rental people are a completely different demographic than those that just want to spend a month or two in TV and see what it's all about or come back for a second or third time.

Dusty_Star 07-24-2024 12:53 PM
Quote:
Originally Posted by DeweyBeach (Post 2351724)
I guess so ... Says March is rented. We'll all drive ourselves nuts trying to understand how people spend their money ... likely the March tenant has lots of it. I've seen listings way higher than that for Designer homes not amazingly nicer. Sometimes I wonder if some owners just put their house up for rent for a super premium price and, if someone rents it, then pack up and leave clicking their heels. Good for both sides of the deal!!

Exactly, kind of a 'make me rent you my house' deal.

DrMack 07-24-2024 01:13 PM
Some
 
Quote:
Originally Posted by BrianL99 (Post 2351717)
I don't pay any attention to the rental market in The Villages, but this popped up on Facebook today and out of curiosity, I looked.

Rent From A Villager | Rental Homes in The Villages Florida | Advertise Your Village Rental


1500 sq. ft. 3 bedroom/2 baths. I guess it comes with a golf cart. Near the Shallow Creek Golf course and apparently 15 minutes from Sawgrass ... like Sawgrass is a huge draw.

$7000/month for January or February?

Are people really paying that kind of money for rentals in the middle of nowhere?
It all depends on location. We rent ours out for 3000 a month year round. The home is a designer and about 1900 square feet but located in Dabney.

LeRoySmith 07-24-2024 01:14 PM
Quote:
Originally Posted by Dusty_Star (Post 2352552)
Exactly, kind of a 'make me rent you my house' deal.
It seems silly but maybe I'll try this next winter, put the house up for rent for 10k a month.

2000sq' designer, 3br, 3bt, 3 car garage, large heated and cooled pool, all utilities included, golf cart use included, small sports car use included. Located in the middle of nowhere.

If someone bites I go on an all expenses vacation for a month.


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