Updated over 5 years ago on . Most recent reply
Landlording in 55+ community
I'm curious if there are laws against being a landlordi n 55+ communities. Specifically South Florida. There are a couple neighborhoods near where my father lives that have very low cost units for sale and some of them appear to be rent-ready, and some that have been previously rented. I tried to look up some info as to whether or not you can own and rent out a mobile home. I know they most likely have maintenance/HOA fees but I'm seeing some rent out for $1 500+ that have mid $500s HOA and they are for sale for near $10k.
Seems like a no brainer, no?
What am I missing here
Most Popular Reply
There aren't laws against it but the HOA may have restrictions in their by-laws. I've seen some that say you have to live there there for a year before you can rent your place. Check the by-laws.