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/)
-   -   Renting out 2nd golf cart (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/renting-out-2nd-golf-cart-320529/)

LoisR 06-13-2021 06:04 AM
Don't do it. You are still responsible for any damage caused by the renters.

Rich42 06-13-2021 06:18 AM
Don’t forget about the IRS, that is income baby!

sallyg 06-13-2021 06:47 AM
In our old neighborhood someone used to rent his cart to neighbors. $15/ day or $100/wk. It was nice to have the easy access and convenience when we had company. Seemed to work out ok. I would be nervous to do it myself due to liability.

larbud 06-13-2021 07:23 AM
Quote:
Originally Posted by DylanTodd (Post 1958368)
Hi neighbors, we are considering renting out our 2nd golf cart when our brand new arrives from the dealer soon. What would be a fair daily or weekly rate? Where would be the best place to advertise it - simply here and Nextdoor?

Cheers,

Dylan
If you’ll hadn’t ran the prices up so high on carts by paying exorbitant prices you wouldn’t need to rent your old one to help pay for the new one..

La lamy 06-13-2021 07:24 AM
There are ways to write up a contract that puts all the responsibility on the renter I assume, but in this 'sue crazy' society I wouldn't risk it. I would also recommend selling it.

retiredguy123 06-13-2021 07:33 AM
Quote:
Originally Posted by La lamy (Post 1958838)
There are ways to write up a contract that puts all the responsibility on the renter I assume, but in this 'sue crazy' society I wouldn't risk it. I would also recommend selling it.
Maybe, in a contract between you and the renter. But, the problem is that the golf cart owner can be held liable for a loss or injury to another person. You cannot transfer that liabilty to the renter.

Travelingal702 06-13-2021 07:35 AM
Quote:
Originally Posted by Bjeanj (Post 1958427)
Good luck finding insurance for a rental. If you do, it will probably be pretty pricey, so build that into your rental fee.

Also, are you going to have them give you their motor vehicle report before you rent to them? Get a copy of their license?

Can you find a boilerplate rental agreement for this? Limit drivers to only those over 21?

What is your guarantee of payment if they let their young grandson drive it and there is an accident? That would void the rental agreement.

TOTV and NextDoor are good places to advertise, but I think you have to pay to be an advertiser.
WOW!! With all this to consider, WHY would anyone take the chance? Just sell it and be done with it!

Randyj66 06-13-2021 07:49 AM
Home based business
 
One little question??? Renting out your golf cart from your home? Sounds like a home based business. Are you going to collect rental sales tax? I thought we where prohibited from running businesses from our homes in TV. If I'm wrong please correct me. If that's the case my wife will be so thrilled to open her kennel service. Fair is fair right?

croughwell 06-13-2021 08:10 AM
After the lawsuit... you'll wish you didn't try to make a few bucks!

Bill Dozer 06-13-2021 08:35 AM
Ask the Guy off of Belle Meade, who has a golf equipment sale, if TV or District Deed Restrictions gave him a Permit.

Roron123 06-13-2021 08:50 AM
My advice 1) sell it or 2) Trade it in as it will be a headache keeping up with insurance , accidents, law suits and more! Leave renting to the companies

photo1902 06-13-2021 09:40 AM
1 Attachment(s)
Quote:
Originally Posted by Randyj66 (Post 1958864)
One little question??? Renting out your golf cart from your home? Sounds like a home based business. Are you going to collect rental sales tax? I thought we where prohibited from running businesses from our homes in TV. If I'm wrong please correct me. If that's the case my wife will be so thrilled to open her kennel service. Fair is fair right?
You can run a business out of your home if you follow the rules.

Spalumbos62 06-13-2021 09:59 AM
Quote:
Originally Posted by retiredguy123 (Post 1958530)
I think this is a bad idea.

You would be operating a business, which would require a business license, commercial insurance, and for you to collect and pay Florida rental taxes. Also, the deed restrictions do not allow you to operate a business from your Villages home. If a neighbor complains, you would be shut down. But, the biggest issue for me would be the potential liability if a renter gets injured or injures someone else. I don't think you could charge enough to make it worthwhile.

My opinion.

What about all the landlords that include them in monthly rental.... that's not running a business. But if course, yes, get insurance....or have renter pick up a 1 week policy.

retiredguy123 06-13-2021 10:12 AM
Quote:
Originally Posted by Spalumbos62 (Post 1958974)
What about all the landlords that include them in monthly rental.... that's not running a business. But if course, yes, get insurance....or have renter pick up a 1 week policy.
Technically, the IRS considers income from rental real estate as supplemental income (Schedule E), not a business. But, if you are renting personal property, I think they would consider it a business (Schedule C).

Neils 06-13-2021 10:33 AM
Quote:
Originally Posted by Randyj66 (Post 1958864)
One little question??? Renting out your golf cart from your home? Sounds like a home based business. Are you going to collect rental sales tax? I thought we where prohibited from running businesses from our homes in TV. If I'm wrong please correct me. If that's the case my wife will be so thrilled to open her kennel service. Fair is fair right?
Been looking for a new kennel. Where is your home??


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