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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 91  
Subject: Re: Living in & Renting a Condo Date: 3/21/2011 8:28 AM
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2) Most condos in that area are run by management companies who "require" you to use them if you're buying a vacation/investment property

Real estate can be a tough sell in FL at this time, and contracts are always negotiable. Strike this clause from your purchase contract and make the offer. If it's an HOA issue, that's tougher to go around, because if they change the HOA rules for one, then the others can show that they are not serious about the rules and get them stricken as well.

Hotels have the advantage of not requiring us to cook or clean while we're there plus the services in the better hotels are outstanding. If we need tickets for something we just call the concierge. Renting a house or condo is nice in that we have the place to ourselves and it's cheaper but we have to cook and clean (something we're trying to get away from) and everything is just a bit more complicated.

Hmmm, I like VRs because you have the OPTION to cook, or go out. Or eat breakfast and lunch at home and go out for dinner. Many rentals would be thrilled to let you pay their maid to clean weekly. Not only does it keep their people more routinely employed, but it allows them to check on their unit during your stay, to make sure it's not getting trashed.

Is there a month that you typically come back to FL, or does it vary? If it's not smack in the middle of peak season, you might be able to find people who are willing to rent it out for 6 months or so, as they escape the cold weather at home. Would that still fall under the description of a VR for problem no 2 above?

Thanks for the board and all of the good info,

I'm glad you are finding this useful. It's great to find others who are caught up in the same issues we are facing trying to find a VR to buy.

IP
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