Talk of The Villages Florida - Is renting out your home a good idea???

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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - Is renting out your home a good idea??? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/renting-out-your-home-good-idea-57701/)

Quote:

Originally Posted by senior citizen (Post 533211)

This is all good to know. Especially, about the rental market.

After renting two designers, we also decided that would be the size for us.

Generally speaking there isn't too much adversity on the homes. The deposit and the maturity of the renters should be anticipated.:024:

Quote:

Originally Posted by njsonja (Post 533463)

and after just closing on my house was told she no longer takes properties north of 466 because they are too difficult to rent!

i hadn't heard this or read this on any boards to date...

comments?

sonja

people still rent north of 466 and those who live there love it

Quote:

Originally Posted by njsonja (Post 533463)

I don't believe that....I know many people who rent for the winter in Delmar and Rio Grande area and they love it there....

Quote:

Originally Posted by thistrucksforyou (Post 533547)

I don't believe that....I know many people who rent for the winter in Delmar and Rio Grande area and they love it there....

I agree with thistrucksforyou. I have rented 3 times in TV, twice north of 466 and once south of 466. My next rental in October is just north of 466 in Summerhill. I have enjoyed all 3 of my past rentals, and I'm sure I will enjoy my upcoming rental in Summerhill. I would not hesitate for one minute to rent north of 466. Just my 2 cents.

Quote:

Originally Posted by ijusluvit (Post 532192)

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Having rented our home when we are not here for 7 years, I find guests in TV to be particularly considerate and responsible. I don't think that's a surprise for a community of mature adults. I think the biggest ingredient in successful renting is the property manager. Being far away for months of the year I simply cannot manage it myself or through a home watch system alone. After three other managers, including The Villages Property Mgt., I now have the best manager in the whole wide world. Her name is Vilas Hinkle and she takes care of every detail. It is so good to know everything is regularly inspected and cleaned. We have a great arrangement for advertising and I have no trouble renting whenever we are not there. Part of that though is because we have a pool, which attracts summer rentals. In the end, I am able to cover all of the costs of maintaining my home (except the mortgage). If you plan to be at your new home less than 29 days per year, you are also able to take tax deductions for many of the expenses of the rental property.
There isn't a downside, because of my manager. In fact, because of the rental income, and because I like to do things myself, we have added thousands of dollars of extras to our home when we are there. That is very rewarding and actually fun. Just send a PM if you want more info. Good luck!!

If you dont " mind , can you send me your experience and some knowledge of managing a rental. do and dont's long distance, also info on how the tax works, i read your old forum, since im thinking of buying a rental until i can get there, before buildout and prices increase. any knowledge would be greatly appreciated. Plz send PM Thank you

Buy when you are ready to move in.

just wanted to say labsx that we are pracically neighbors, we live in hideaway hills now just below lamcaster, in fact we are going down on May 3 thru 12 to look at a home in the villages, i am having a tough time convincing my wife about the villages----anyways if she decides she doesnt want to come and leave her job here in ohio, i am looking to rent after i retire in december---- january thru march as long as the rates are reasonable. I will be alone and maybe invite some golfing buddies down for the winter months-----keep in touch.....

Quote:

Originally Posted by ohiosbestus (Post 645291)

We will be making our 2nd trip down in April to look at the new areas near Brownwood. Will be buying by the end of summer and using the house for a vacation home until I retire in 2 years.

We rented in Glenbrook last July and it was a nightmare. When we first arrived the landlord told us to find the key under the door mat. The key under the door mat didn't work. After a 22 hour drive we were out of minds about what to do. we had a friendly neighbor come and help us for another two hours helping us un glue the lock. We had flying ants and cock roaches in our pillow cases. We contacted her at least twice a day to have a pest control person come out. They never came!! I would contact references in the future.