Quote:
Originally Posted by ImaCheesehead
Congrats - I would never get tired of that view.
I am one week into my first snowbird experience (retired last Nov) and have a condo right on the gulf rented for 5 weeks. Question regarding your condo and guest rules. From your description, rentals in your building are probably not allowed, correct? If I were to fall in love with this experience and want a condo of my own I would not want a place that allowed rentals or VRBO, etc. Was it easy to find a place like that? Are prices for non-rental complexes higher or lower for the same level of unit? I could see it going either way.
Thanks for any insight you (or anyone reading) can offer.
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The condo association does allow leasing of the unit after the first year of ownership, but the potential tenants have to pass a credit and criminal background check. Credit score must be at least 700. They are also interviewed by two members of the board of directors (as I must). Minimum rental period is 90 days. Any criminal activity or late rent/mortgage payments in their history disqualifies them. They have to agree to abide by all the condo rules or they're history.
Many of the places we looked at did not allow leasing or limited it to one or two 90 day periods during their ownership lifetime.
I don't think there'll be much spring break activity in my area.
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