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Old 06-29-2008, 05:00 AM
 
7 posts, read 17,096 times
Reputation: 12

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I am looking to purchase a condo or townhouse in the coming months, and will only be able to use it a few weeks out of the year. Some of the MLS notes say "OK to lease" and others say "OK to lease after 1 year" or other similar phrases.

Can anyone offer some advice on the rules for an owner leasing out his/her unit or do they differ for each complex?

Any tips on the kind of condo or townhouse which is in high demand for renters?

Are there plenty of agencies in the Tampa area which will take over all the work involved with renting, cleaning, etc.? What's the standard fee?

Thank you for any information.
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Old 06-29-2008, 07:06 AM
 
27,206 posts, read 46,526,550 times
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I only know that most realtors charge 1 months rent which is IMO very high.
I rented out all my properties by putting adds on several free websites and got an average of 2 calls per day even long after I had rented it out.
In todays market it is easier to get tenants since many people are losing their homes, have bad credit (but they have a job and can afford the monthly rent), and need a home.
There are plenty of companies adverisig to clean a home.
In many new construction communities the rule was you can't rent you property out or sell it within a year. Many people put it on the market for resale or rent and the builders didn't do anything....I have signed for my primary home a similar contract and asked the builder why so many were selling the day after closing and what was going to happen...the answer was "nothing", it would cost to much and by the time they could do something or would find out, the year would be over...
I even bought one Town home in which you aren't allowed to put a for rent sign in the yard or behind the window, only for sale signs allowed, but you may rent it out...I had rent it out within a month!
Great time for renting!
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