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Old 06-11-2017, 06:51 AM   #41
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Our condo association has to approve new owners and renters, including a Skype interview. They want to make sure you understand the HOA finances and the rules.
+1 not sure what their vetting procedures are and it is unclear if the rejected someone and were legally challenged whether they would prevail but they do require some general information and a few references. I think it is mainly to collect the $100 application fee... they may do a background check but I'm not sure on that.
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Old 06-11-2017, 07:07 AM   #42
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The only problem with that is they are very far from the water and the traffic on the roads from east to west is brutal.
+1

And, it is hotter east of 75.

Agreed, though, that prices are much cheaper. Just good to know what you are trading for that.
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Old 06-11-2017, 10:24 AM   #43
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Does anyone like the southern keys? Key West et al, Key Largo.
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Old 06-11-2017, 11:15 AM   #44
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Does anyone like the southern keys? Key West et al, Key Largo.
As part of our due diligence before moving to Paradise, we looked at the keys. Interesting architecture, life-style and people. Still, I was unimpressed with the gulf (vs the Ocean side - say around St. Augustine). The air was heavy, hot and still. Not what we were looking for. Still, you can drive there, so there's that...
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Old 06-11-2017, 01:04 PM   #45
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+1 not sure what their vetting procedures are and it is unclear if the rejected someone and were legally challenged whether they would prevail but they do require some general information and a few references. I think it is mainly to collect the $100 application fee... they may do a background check but I'm not sure on that.


They do a credit check and criminal background check. The interview is to go over the somewhat strict condo rules and to answer any questions we had.
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Old 06-11-2017, 01:11 PM   #46
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Does anyone like the southern keys? Key West et al, Key Largo.


We were looking into the keys as well...from an investment perspective (cost to buy vs rent), the 'numbers' didn't see to work out as the other areas we have researched but sure looked like a fun place to rent for a few months..
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Old 06-11-2017, 07:53 PM   #47
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Been wintering in FL 2 years. Renting. Learned a lot. Renting almost always cheaper. Nice ocean view condo = 11000 hoa, 5000 property tax, 1000 insurance, special assessments?,... then mortgage 30000. Maintenance. Rent a year = 35000. Done.
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Old 06-12-2017, 06:05 AM   #48
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Been wintering in FL 2 years. Renting. Learned a lot. Renting almost always cheaper. Nice ocean view condo = 11000 hoa, 5000 property tax, 1000 insurance, special assessments?,... then mortgage 30000. Maintenance. Rent a year = 35000. Done.
For more than 4 months a year, buying wins in my experience... even with a mortgage. If we had a mortgage, the mortgage and annual carrying costs for our 3-bedroom would be about $1,250/month or $15,000 a year... we have friends who rent a 2-bedroom in the building next door for Jan-Apr for $11,000. Our six-month stay costs us about $2,100/month as I figure it.
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