Hi, I'm new

[Carolyn]

Hi everyone,
I have been reading posts on this site for ages, it's really helpful.
We are going to Florida for our third trip in 2 weeks and 5 days!(I'm sooo excited). This time though we are looking into the possibility of buying a rental home. Any tips/information would be really gratefully accepted.
Thanks.
Carolyn

[Andy & Arlene]

Welcome Carolyn

The best tip I can give is ... You'll have to be quick. Homes are selling so quickly at the moment.

Apart from that, I suggest you have a good read through the forums where you will find a massive amount of information. One thing (and very important) to remember though is, with the price of houses the way they are at the moment, can you afford to subsidise it when there are no renters in and if you are taking out a mortgage, you will have to charge huge rentals to cover it (of course this depends on the size of mortgage you have).

Good luck. In today's market you will probably need it. [msnsmile2]

[Ray&Sarah]

Hi Carolyn,

Welcome, you have found the best place to answer all those questions you have. Do some searching on this site and some of your questions have already been answered many times before. As Arlene says make sure you know your figures before going ahead.

Don't beleive these TV shows that make the whole process of renting your villa sound like a walk in the park. Good luck, its hard work but can be rewarding.

[kaysvacationvilla]

Hi Carolyn,

Welcome to the forum. Take the time to read through the posts and will find lots of great information. Renting is hard work but, rewarding. I consider it my part time job.

I agree you must know what you can afford going in and make sure you have the reserve funds in the bank to cover your expenses for a few months.

Kay

[Rhosyn]

Hi Carolyn

The best advice I was given was from my father, If you can't afford to pay for the home for two years without anybody rending it Don't. Waited a few years and Here I am. You might not need it all but it saves a lot of worry.

[Tracy]

Hi Carolyn
Looks like we will be holidaying at the same time, we fly on the 21st May and can't wait. We completed on our home at christmas, this site was and still is an invaluable source of information. As already said, do some searches and you will find answers to most of your questions. Although we were warned about the amount of time we would spend marketing our home and responding to enquiries in a very competative market, I don't think we really appreciated just how much. It is very rewarding, but very expensive, and although we are doing well with bookings we are also having to use our own money to subsidise our home.

Good Luck with your search and enjoy your holiday

[mr flibble]

Hi
Welcome to the forum.
As the others have said this forum has a wealth of knowledge
use to save yourself a lot of leg work etc.[msnwink]
Ian

[SteveW]

Carolyn

Welcome. The only thing I would say is similar to Beryl and that is ensure you can afford the house (with no rentals) for the first year, research the areas, and have a spreadsheet compiled to work out your options as they arise. Its much easier to see instantly whether you can afford a,b or c. Finally keep a note pad with you at all times and jot down anything and everything, you'll be amazed what you come up with !

Best of luck and have a good holiday
Steve

[Scotborder]

Carolyn

Welcome to the forum. As already said above, this forum has lots of information to offer and also lots of expert that can answer your question about buying a rental home.

Good luck to you.

[benfilo]

hi carolyn welcome and good luck on the house hunt . Beryl's got me scared now so you can buy mine[msnsad] still, I am having it at last years price so p'raps all is not lost[msnsmile2]

benfilo