Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-20-2020, 11:18 AM   #61
Thinks s/he gets paid by the post
Out-to-Lunch's Avatar
 
Join Date: Jan 2020
Location: Milwaukee
Posts: 1,275
Quote:
Originally Posted by LiveBelowMeans View Post
Just thought I would mention if you are wanting to stay 5 months, maybe you should stay 6 months and become residents of Florida. (You actually donít have to be in Florida 6 months, you just have to be in Florida more than Wisconsin if you travel elsewhere) Depending on your income, buying a house/condo in Florida and becoming residents could pay for itself in tax savings. JMHO
Thanks for the thought. That was originally our plan. As a retired Wisc. state employee, I will get my healthcare through the state plan. I realized that my healthcare will be a lot cheaper if I stay a Wisconsin resident. They do have an out-of-state plan, but the difference is more than the income taxes I will pay to WI, even while doing large amounts of Roth conversions! Surprised the heck out of me!
Out-to-Lunch is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-20-2020, 11:29 AM   #62
Dryer sheet wannabe
 
Join Date: Oct 2016
Posts: 22
We are from WI. Bought a home in the Palm Beaches area in 2011 (luck, bottom of Market). Became FL residents, spend 6 months. Huge savings on real estate tax and of course no state income tax. Like south FL for winter, gets cold farther north. Also gated community which I feel important when not there. Keep a car in both homes, hate the drive. Once you own our expenses for FL are about:
HOA - $4800
Real estate tax - $3500
Pool maintenance - $2000
Power, Internet - $2000
Airfare - $1000

Total expenses less than $15,000

House has appreciated 80% since purchase. I feel this as worked out financially better than anticipated. Highly recommend cash purchase if you can swing it.
Hdhead is offline   Reply With Quote
Old 07-20-2020, 12:27 PM   #63
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 4,400
Quote:
Originally Posted by finnski1 View Post
Beautiful pic, where is that?
My wife and I still love the winter, do lots of snow shoeing,winter hiking etc.
In fact on days like yesterday(96, hazy, hot ,humid) I really miss it, or at least the fall"soup season" as we like to call it.
It is on the ridge of a mountain we ride on, in eastern Washington. Pretty close to Calispell peak.
Fermion is offline   Reply With Quote
Count us in this crowd
Old 07-21-2020, 03:56 PM   #64
Recycles dryer sheets
 
Join Date: Nov 2010
Location: Crossville
Posts: 208
Count us in this crowd

Quote:
Originally Posted by pb4uski View Post
We have some friends who winter at Myrtle Beach because it is very affordable at that time of year. Weather can vary from close to winter weather when they get a cold spell to "sweater" weather to shorts and t-shirt weather from what I understand.
We do exactly this, spending 3 months every winter in North Myrtle Beach. We don't have any rent expense per se since we are heavily into the Wyndham timeshare system, and stay at one of their resorts (our maintenance fees wouldn't help you with estimating your rent expenses). As for other expenses, we shop for groceries at Kroger's just like at home, so that is a wash. We also eat out about the same frequency as you, which is about the same as at home, so that is a wash. So while I am not giving you any cost specifics, zero in on your rent expense in a place like SC since your other costs will be about the same as at home.
ychuck46 is offline   Reply With Quote
Old 07-21-2020, 04:58 PM   #65
Thinks s/he gets paid by the post
Golden sunsets's Avatar
 
Join Date: Jun 2013
Posts: 2,199
Quote:
Originally Posted by Eucerin View Post
Curious how you get these rentals? via travel agent or Airbnb?

Can you offer a couple of resort/gated community names? we are interested for the future.
Playa Royale in Puerto Vallarta. However there are many other complexes in the immediate area, on the beach. VRBO is a starting point. Once you have rented once in a complex, bypassing VRBO and dealing with owners directly, who post their unit availability, is the main method of securing next year units.
__________________
"Luck favors the prepared mind"
Pasteur
Golden sunsets is offline   Reply With Quote
Old 07-21-2020, 05:20 PM   #66
Recycles dryer sheets
 
Join Date: Nov 2015
Location: Fort Myers, FL & Lake Of the Ozarks, MO
Posts: 177
When we retired we decided to rent a place in SWF for 3 months..... We found a very nice Park Model homes from 400 sqft to 800 sqft readily available. After searching, our decision was a 55+ RV park that is mostly park model homes. Rent ranged from $1500 to $2500 Per Month, Dec - April. Lots of activities that you can do as much or as little as you wish..... Pools, Outdoor Maintenance, Water, Trash all included...... Activities include quilting, potluck meet and greet dinners, bingo, cards, shuffle board, pickleball, etc...... We are 4 miles from Ft. Myers Beach, 3 miles from Sanibel, 1 mile from Bunch Beach...... Lots of bike riding, trolly bus on the beach...... We dine out one to three times per week, food costs are roughly the same as in the midwest...... After one season of renting, we purchased a unit in the same community, two years later we purchased a new larger unit...... We became full time residents spending, 7 months in FL, and 4 months at a condo we have in Missouri on Lake of the Ozarks ....... We chose Ft Myers because of the weather, water activities (joined a boat club), and beaches. We save several thousand dollars being a FL resident --- no state income tax, no personal property tax on vehicles / boats etc, and then no tax on fresh food, homestead saves on our real estate property tax...... Living in FL is cheaper than the midwest
__________________
Live Life
LakeRat1 is offline   Reply With Quote
Old 07-21-2020, 05:35 PM   #67
Full time employment: Posting here.
 
Join Date: May 2009
Location: Ottawa and Fort Myers
Posts: 716
Fort Myers starting at Daniels Corridor is south enough for great weather and full quality range of lifestyles without drifting down to higher costs of Bonita and beyond.

We are near a busy hospital up north and have sectioned off part of the house for Airbnb, which has a big impact on our numbers.

Consider moving to something that you can rent out in winter.

Our condo in Florida has enough rental demand in the summer to mitigate carrying costs. Invest in up to date simple and clean uncluttered 4 star decor, superior photos with attention to brightness, and be cheapest in the neighbourhood, to attract summer rentals.

Rule of thumb, try to pick up real estate at bottom of crises.

The drive to Florida is very hard work if you push past 6 hours of driving. We like Hilton Garden/Hampton Inn. I look 5-6 hours out and stay at cheapest of the two in a wide area. The H Garden Inn in house restaurant can be convenient if you want to crash and dine and drink. Hampton Inn has free breakfast.

We are third generation snowbirds, with each generation settling a further hour south. I think 30 minutes from a beach is close enough. South of Orlando is rule of thumb.

I recommend dialing up weighting on developing social connections by learning pickleball, tennis, golf etc. Sticking with one location in a gated recreationally oriented community connects you to owners and other repeat renters.
Kroeran is offline   Reply With Quote
Flagler Beach
Old 07-21-2020, 06:58 PM   #68
Dryer sheet wannabe
 
Join Date: Aug 2013
Location: Flagler Beach
Posts: 20
Flagler Beach

I am biased...grew up in Michigan, but have been in Florida since 1991...have lived in many parts, and as a Pharma rep have traveled the entire state inside and out...we moved to Flagler Beach 4 years ago, and LOVE IT...even though it is about 1 hour northeast of Orlando, the winter is still sunny and gets into the 70's during the day. (I swim year round) Flagler Beach has a small town feel to it, lots of great live music venues and places to eat. We purchased a new manufactured home in a 55+ community where we own the land, so no big time lot rent. About 30% of the folks are snowbirds...with this thread, I might just rent out my place next winter and go live in my RV...LOL! If anyone is looking for a super friendly community, walking distance to the beach and river, with a pool, fitness center and lots of activities where you can buy a place for about $150K, Check out Surfside Estates in Beverly Beach FL (and no, I'm not a realtor, just a very happy homeowner)
Ebendana is offline   Reply With Quote
Old 07-21-2020, 07:30 PM   #69
Thinks s/he gets paid by the post
Out-to-Lunch's Avatar
 
Join Date: Jan 2020
Location: Milwaukee
Posts: 1,275
Wow, a lot of good info in recent posts. Thank you!
Out-to-Lunch is online now   Reply With Quote
FL Snowbirding
Old 07-21-2020, 09:02 PM   #70
Recycles dryer sheets
 
Join Date: May 2018
Location: Port Orange
Posts: 63
FL Snowbirding

Iím not a snowbird, but live on the east coast of FL full time. Rental rules require the landlord to charge hotel taxes and fees for short term rentals. My dad rented his condo on the beach for a six month block in the winter. The rental rate for the Nov-Apr block was kept lower than the short term costs and the same couple rented it each year for several years.

Make a few trips to areas you might like and if you can find a similar opportunity, it may work better than trying to do shorter rentals.

Other things to consider would be buying a place and renting it during the summer months to vacationers. Some of the condo associations bar short term rentals.

If you buy, check out tax benefits of changing your residence.

We eat out a lot and travel extensively internationally and domestically as well. Eating in FL can be very inexpensive depending on your dining preferences or well over $100 for two. Just your desires.

Good luck and enjoy the next chapter
Global Wizzo is offline   Reply With Quote
Old 07-21-2020, 09:26 PM   #71
Recycles dryer sheets
 
Join Date: Aug 2011
Posts: 54
I would suggest you double your expected budget to face reality.
cj1717 is offline   Reply With Quote
Old 07-22-2020, 06:20 AM   #72
Thinks s/he gets paid by the post
Markola's Avatar
 
Join Date: Nov 2013
Location: Twin Cities
Posts: 2,318
Quote:
Originally Posted by cj1717 View Post
I would suggest you double your expected budget to face reality.


Whatís the point of making a budget that doesnít fit reality?
Markola is offline   Reply With Quote
Old 07-22-2020, 08:07 AM   #73
Recycles dryer sheets
 
Join Date: Mar 2009
Posts: 100
Not recommending any particular chain or resort, as we all have different preferences. Just wanted to share specifics on wintering at AI resorts as a few folks requested. We spent 6 wks this year at a beachfront AI in Cozumel, Mexico end of Jan to beg of March (before we escaped to Portugal to ride out covid) for an average of $1,077/week for 2 adults all-in, which translates to about $4,300/mo. No flights included. Resort is Barcelo's Allegro Cozumel. It is not fancy, but the beach is beautiful, several pools, nice grounds & dive shop on site (extra, not incl in my figures). We loved the winter temps & lack of humidity (unlike summer). We booked 1 week at a time, as you can cancel like at a hotel in case we needed to cut it short for any reason, but you have free cancel option ONLY if you book directly with Barcelo. So we had six 1-week bookings ahead of time & just paid each week as we went (prices varied a bit each week Jan/Feb/March).

If you join mybarcelo on their booking website (free, just like joining Hilton or Hyatt hotel loyalty program) you can get a small discount, plus 5% discount for seniors (over 50, I think), plus often stackable 5% promo code if you search for one online. Also free wifi for mybarcelo bookings. They charge for wifi otherwise.(!) We are not timeshare owners & simply refuse to attend any presentation for such & they do not bother us again. It is a terrible "investment". Timeshare owners we met said they had to pay $40pp for AI part (unllmited food/bev) with no option to opt out, plus the annual "maintenance" fee which sounded to be ~$600/yr for 1 week, plus whatever buy-in payment they were talked into. We paid an average of $153/day all-in. Do the math, but I said nothing to the timeshare owners we met unless they asked what we paid. Just fyi, Barcelo has plenty of other properties you can see on their site. They have a price calendar for all (just don't enter dates) & they frequently have sales, at least precovid, lol.

This is just our experience with Barcelo & I suspect very similar options, sales & booking direct to save $ for lots of other large AI resort chains. BTW, we found that we got treated like gold by staff staying so long, lol. We had our choice of the days & times for the (free) premium restaurants the following week before the weekly turnovers every Saturday/Sunday. I am sure that is the same at any AI, as they are so used to all new ppl every week. We plan to do it again when we get to place where we need a long & carefree break after some intense nomadic travel, but that might take awhile, cause we are all on a LONG travel break right now!
Diver is offline   Reply With Quote
Old 07-22-2020, 08:44 AM   #74
Thinks s/he gets paid by the post
Out-to-Lunch's Avatar
 
Join Date: Jan 2020
Location: Milwaukee
Posts: 1,275
Quote:
Originally Posted by cj1717 View Post
I would suggest you double your expected budget to face reality.
Quote:
Originally Posted by Markola View Post
Whatís the point of making a budget that doesnít fit reality?
I believe cj1717 was suggesting that my budget of ~$19k in additional expenses is woefully small. Well, that is the kind of information I was looking for when I asked for people to share their budgets. I would indeed like to have a realistic figure in my budget.

Please, go ahead and enlighten me, what am I missing? Others have said my housing budget of $2400/mo looked low. I will definitely take a harder look at that. What else?

Thanks.
Out-to-Lunch is online now   Reply With Quote
Old 07-22-2020, 09:25 AM   #75
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ivinsfan's Avatar
 
Join Date: Feb 2007
Posts: 7,322
Quote:
Originally Posted by Out-to-Lunch View Post
I believe cj1717 was suggesting that my budget of ~$19k in additional expenses is woefully small. Well, that is the kind of information I was looking for when I asked for people to share their budgets. I would indeed like to have a realistic figure in my budget.

Please, go ahead and enlighten me, what am I missing? Others have said my housing budget of $2400/mo looked low. I will definitely take a harder look at that. What else?

Thanks.
I don't know anything about the cost of a 5 month rental in Florida or the type of rental that would make you happy...but I will repeat my first comment, there is no doubt in my mind that 19K could give a very nice snowbird experience somewhere. Set your budget and maybe start to live with the idea that Florida costs become onerous you can snowbird in another location, or do an over budget Florida trip one year and a "cheaper" option next year.
ivinsfan is online now   Reply With Quote
Old 07-22-2020, 11:11 AM   #76
Thinks s/he gets paid by the post
Out-to-Lunch's Avatar
 
Join Date: Jan 2020
Location: Milwaukee
Posts: 1,275
Quote:
Originally Posted by ivinsfan View Post
I don't know anything about the cost of a 5 month rental in Florida or the type of rental that would make you happy...but I will repeat my first comment, there is no doubt in my mind that 19K could give a very nice snowbird experience somewhere. Set your budget and maybe start to live with the idea that Florida costs become onerous you can snowbird in another location, or do an over budget Florida trip one year and a "cheaper" option next year.
Sounds eminently reasonable to me. Thanks!
Out-to-Lunch is online now   Reply With Quote
Old 07-22-2020, 11:12 AM   #77
Recycles dryer sheets
 
Join Date: Mar 2011
Location: Mpls
Posts: 424
Out To Lunch,
I know two different couples getting by with rent in the $1500/month range. That was a few winters ago, so maybe they are closer to $2000 now.



Both are in apartment buildings in the suburbs. One is in the Tucson, AZ area, and the other is in Clearwater, FL. I know the rental costs in Texas and Alabama along the gulf are much lower too. It is often colder than SWFL in these areas in the winter.



I wasn't finding anything under $4000/month in the southwest Florida area last winter, I was searching on line in a specific area, and I was looking for a SFH or townhome.



Deals can be had, but you probably have to get down there and try to set something up with an owner for the next season. Most want a 3 month commitment minimum.



So the area, the building type, and the location really make a big difference in cost.



Other than the rental costs, and the costs to travel down there, your daily living expenses should be similar.



Good luck,


JP
JP.mpls is offline   Reply With Quote
Old 07-22-2020, 11:17 AM   #78
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Morton
Posts: 1,776
Three months in Panama City Beach in a 2 br condo on the ocean for 1800 per month. I've been going there for about 4 years, but have decided to go further south this year looking for warmer weather.
__________________
Retired May 13th(Friday) 2016 at age 61.
VanWinkle is offline   Reply With Quote
Old 07-22-2020, 12:04 PM   #79
Recycles dryer sheets
 
Join Date: Mar 2011
Location: Mpls
Posts: 424
Van Winkle,
Yes, everyone has different priorities.



I personally love the southwest. I really like Tucson. It is just a beautiful area. There are so many great places to hike and bike ride there. I also love the southwestern food.


I like Gulf Shores, AL too, but it often feels more like fall weather there in the winter months. At least when I have been there.



Palm Springs, CA is very nice in the winter. A little more expensive, and no ocean. It seems warmer there than Tucson.



I just put warmer winter weather, and having access to the ocean as higher priorities.


Good luck. I hope you find a great snowbird spot in a warmer area.
JP.mpls is offline   Reply With Quote
Old 07-22-2020, 12:19 PM   #80
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ivinsfan's Avatar
 
Join Date: Feb 2007
Posts: 7,322
JP.. snowbirding is no different then anything we do on this forum. Think about what we would like, figure out the costs and if the two don't mesh, have a Plan B...
ivinsfan is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Glaucoma - Please share your experiences. Disappointed Health and Early Retirement 20 02-17-2020 04:12 AM
Anyone envelope budget / bucket budget? Seeking a way to replace YNAB Sunny FIRE and Money 20 09-08-2016 01:16 PM
Willing to share your travel budget? jabbahop Travel Information 85 02-09-2016 10:00 AM
Blue Shield of California - Please Share Your Experiences - Good or Bad Disappointed Health and Early Retirement 4 11-28-2013 09:04 PM
Please share your mistakes cinman2000 Life after FIRE 67 03-31-2013 09:43 AM

» Quick Links

 
All times are GMT -6. The time now is 11:36 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.