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Old 08-14-2013, 01:38 PM
 
1 posts, read 1,347 times
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Hi all. I am looking to purchase a home in the Tampa Palms/North Tampa area to rent out. Is is easy to rent out a home in this area? Are there any extra fees (or taxes) associated with Tampa Palms? I know a friend who purchased a condo in Brandon and had a tough time renting it out. I am assuming Tampa Palms should be ok since it's closer to USF. Thoughts? Thanks in advance.
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Old 08-14-2013, 04:24 PM
 
Location: Butler County Ohio and Winters in Florida
929 posts, read 2,726,432 times
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I rented for years a 4 bedroom 3 bath pool house. I found the market was very limited on larger houses. This was in Lutz, Land O Lakes area.
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Old 08-15-2013, 06:43 AM
 
Location: Toledo, OH
1,725 posts, read 3,467,013 times
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My first thought would be no since it is such a nice area. But as I think about it all, it would really depend on the home and the price you are going to ask for in rent. Are you looking to make a 10% return on your investment? If you have a mortgage, pay HOA, CDD, Insurance and Taxes, you may have to ask for more than the market value to make any money. Also, depending on HOA or type of mortgage, they may have restrictions at first. If it is an NSP home (Neighborhood Stabilization Program) property they require owner occupancy.

Just do all your homework on these numbers or ensure that whoever you buy through gives you all of this you should be fine. There are some big companies working all over Tampa buying up homes and putting them up for Rent. To me they have been asking too much money for them, but low and behold they are being rented out.
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Old 08-15-2013, 08:19 PM
 
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I have a friend , she have her house out for rent . Its in beautiful community . Its 4 bedroom 3 1/2 bath about 15 mins drive from USF . good for a family person to rent .She have a lake behind her house. I met her last she told me they have renovated all new cherry wood floors .email me at crystgupta@gmail.com If you are interested I will let her know .
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