[LoisR]

Don't do it. You are still responsible for any damage caused by the renters.

[Rich42]

Don’t forget about the IRS, that is income baby!

[sallyg]

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]

Originally Posted by DylanTodd

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]

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]

Originally Posted by La lamy

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]

Originally Posted by Bjeanj

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]

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]

After the lawsuit... you'll wish you didn't try to make a few bucks!

[Bill Dozer]

Ask the Guy off of Belle Meade, who has a golf equipment sale, if TV or District Deed Restrictions gave him a Permit.

[Roron123]

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]

Originally Posted by Randyj66

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]

Originally Posted by retiredguy123

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]

Originally Posted by Spalumbos62

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]

Originally Posted by Randyj66

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??