[kit9240]

CIB: I'm in the same boat as you are. I'm a year away from retirement and I have been watching the properties in TV and there are some good deals now, but with what happened this week, prices could come down even further. Having 2 mortgages and worrying about a rental would cause many sleepless nites for me, so I'm going to wait it out. Also, whatever I sell my place for here will determine what I can afford in TV. Let's hope things will improve in 1-2 yrs.

Kathy

[bargee]

With the strong rumor that TV is fast tracking the building of rentals in LSL,I would be very cautious about buying a house for investment purposes only, especially if your cash flow is marginal.You can bet that if those are in fact rentals and your house is listed with TV you will end up in the back of the bus.

[ijusluvit]

Back to the original question. I think the best way to successfully rent a TV property is to have a good manager. Don't assume Villages Prop. Mgt. will do it. They are fussy about which properties are included in their program and their fees and demands are the greatest. Until we fired them they not only bombarded us with every rule imaginable, but were not renting our place as frequently as we would have liked. We now have a fabulous private manager. Everything works, we are in complete control and we pay a 15% commission. Unfortunately, our manager cannot take on more properties at this time. If you're really depending on some rental income, find a good manager before you buy. Don't be afraid to rent even though your place is nicely furnished. TV guests seem to be the most considerate I've ever seen. And the last rule of thumb: the fancier your place is, the more you provide for renters, the more business and repeat business you will get, regardless if you charge higher rental rates. Good luck. This is a good time to go for it!

[kandj]

Hi,

Where can I find this "list" of requirements for renting? It might make my first round of "the move" much easier. That way I would be assured that I have packed at least the minimum needed. I am sure I will have packed and sent way more than needed, but this would help, for sure.

Kim

[misky]

I bought a 3 bed-2 bath ranch in June in Woodbury. I didn't want to furnish it and rent for the seasons. So I used TV Property Management. They found a full time renter for me in August. They furnished the place and pay all utilities. The rent is $1,300/mo. Prop Mgmt takes 15%. Considering my taxes, ins, pest and all other fees, I will be in positive cash flow (I don't have a mortgage). Prop Mgmt takes care of all minor repairs and bills me.

So, so far so good.