Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Renting your home info (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/renting-your-home-info-352384/)

ron32162 08-23-2024 07:05 AM

I have never had any problems come out of renting my home out for a few months a year. The rent is depending on the month Jan.-April You will not have any problem finding someone. Look on villagershomes4rent.com to get a idea of how much. Probably 5k per month.

Glowing Horizon 08-23-2024 08:18 AM

Be very careful about any tech devices you may have like Ring cameras, other recording devices etc. in any rental unit. They can be a criminal invasion of the renters privacy.

DrMack 08-23-2024 08:20 AM

Rented Out for 3,000
 
Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

We rented out our 2,000 square foot designer in Dabney for 3,000 a month, but it doesn’t have a pool yet. They have been permitted to use the cart and I think our Umbrella covers everything. But again, this is way out of the way of most villages, this is in Dabney.

If you are in a desirable neighborhood, I would think you could get a thousand more a month with a pool.

Janie123 08-23-2024 08:20 AM

Quote:

Originally Posted by GizmoWhiskers (Post 2363131)
If one leaves for months one is what T V calls a snowbird.

My brother uses a management company to rent his home. No str as they beat the heck out of a home over time or possibly all at one time. The management company takes a % each month but handle EVERYTHING right down to "problems" ie: non-payers, toilet running, everything. My brother says "Guido" (ya know from the movies) will take care of "it". No worries for my brother on finding and managing all details.

With a pool and golf cart there is extra liability on one's part. Those items could really hurt an owner. My brother has neither. Rents his home up by SL for $5k a month. % started at 10 last I knew of. Could be 15 to 20 in this great economy.

Snowbirds have permanent resident elsewhere and fly to FL to avoid the snow. FL residents who leave FL during hot summer months are just on vacation…. I call them sunfish 😀

Janie123 08-23-2024 08:28 AM

Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

We found that the months you want to leave are the months you won’t find renters. Jan-Mar can rent for up to $7000 a month, Jun—Aug <$1000 if you are lucky to find someone.

We did rent our home Jan - Apr and made enough money to pay the annual expenses but the other months like Oct - Dec, which is very nice weather in FL and cheaper things like golf is when we were here. You will have to pay sales tax to FL if you rent for <6 months. Insurance will be higher and don’t not tell them. Something happens and they may not cover the loss. You personal stuff needs to be packed up and locked away. Even things like toilet paper and paper towels, 2-3 in the baths and in the kitchen and the rest locked up.

I would never rent out my home again, I would consider having a 2nd property nearby where I can meet the tenants, check up on them occasionally during the months they are there and would never have an AirBNB and be my own manager.

upstate 08-23-2024 10:36 AM

Personal opinion only. I value my home and neighbors too much to rent. If you decide, I wish you the best.

dougjb 08-23-2024 11:56 AM

Don't ever use Down Home management. They will wind up getting less rent than you ask for. They will rarely if ever be responsive to your emails, phone messages or texts. For me, they wound up costing me hundreds of dollars and still would not check the timing on the sprinklers...for months. They failed to submit reports in accordance with their agreement.

But, they were very good at pulling their commission out of the reduced rent they finally got from the tenants.

It was an incredibly bad experience. If you want more info, please pm me.

Marmaduke 08-23-2024 01:16 PM

Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

We would Never Do It.
Pool would make your house Party Central. 'Nuff said.

But- Your Husband is right 100%

retiredguy123 08-23-2024 01:23 PM

OP, you do realize that the money you make on rent is taxable income.

Papa_lecki 08-23-2024 03:19 PM

Is your house in an LLC?

The liability with the pool is not worth it.

Pat2015 08-23-2024 05:38 PM

Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

If you’re going back in the summer months there’s not a lot of interest from renters during those months, and the amount of rent you’d get is pretty insignificant vs the in season rates. I wouldn’t do it unless you really need the cash due to increased liability and the hassle of it.

justjim 08-23-2024 06:09 PM

Quote:

Originally Posted by Janie123 (Post 2363193)
Snowbirds have permanent resident elsewhere and fly to FL to avoid the snow. FL residents who leave FL during hot summer months are just on vacation…. I call them sunfish 😀

Actually a person who owns property in TV and leaves for a couple months in the summer are called Sunbirds. They fly away from the humidity and hot sun and go north. A snowbird is just the opposite. They fly south to get away from cold and snow.

We usually go north to get away for a couple of months in the hot summer. We get a “house-watch” but never rent our home to anyone. We let our kids and grandkids use it on as needed basis while they vacation. No problems.

tophcfa 08-23-2024 07:15 PM

Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

When we decided to build a pool we also decided to never rent the home. No one sleeps in our bed, swims in our pool, or drives our golf carts. Plus, whenever we feel like it, we can jump in our car or grab a flight and go to our other home for as long as we please. Plus, we spend the four prime rental months at our Villages home, so the benefits of renting would be minimal at best.

Al2014 08-23-2024 07:49 PM

Quote:

Originally Posted by Denverdame (Post 2362968)
We are not snowbirds but like to go back to Denver for a few months per year. My husband is worried about renting our home here. Can anyone speak to if they have had problems with adult renters? We also have a pool . I’m curious what a 3 bedroom, 2 bathroom home with golf cart and pool would typically rent for. Thanks in advance.

Check out villagerhomes4rent.com These are typically owner managed properties. As a renter, I use this site. You can check out the rates for different homes, location and by the month. I see a lot of good advice from experienced owners on here. Good Luck!

CURLYSANDY 08-24-2024 12:28 AM

We are from the UK and visit TV during March and Oct-Dec every year. We rent our home out twice, Jan-Feb and Apr-May. Then empty in June - Sept. These two rentals cover our annual expenses. We just then cruise around the Caribbean during Jan/Feb just to escape the UK weather. We are so lucky!!


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