Senior Citizens love Florida and soon I will also be considered a Senior Citizen. Leasing a home to seniors is a great thing to do as usually they are financially sound and have a stable income. Not to mention Fair Housing Laws keep you from discriminating against them because of age.
Seniors or handicapped persons may wish to have the property modified at some point. Usually in the form of grab bars in the bathtub or shower etc. This is allowed by law if done at their expense. They must have the work performed to local standards and leave the work in place when they move to another house.
There are ways to make your house more attractive to these buyers. Namely lower cabinets, grab rails, doors wide enough for wheel chairs and possible ramps instead of steps. Older persons also prefer bedrooms on the first floor as a general rule. If you are looking to purchase an investment property to lease to elderly renters these items are worth looking for.
Not all but many Senior Citizens have pets and service animals. If you do not allow pets then someone may claim it is a service animal. Asking the prospective tenant for evidence (from a physician) will normally weed out the falsehoods. If you choose to allow pets consider the local ordinances and Home Owners Association breed and size restrictions. Pets are vitally important to many seniors for many reasons allowing them will definitely increase the number of seniors interested in leasing your property.
A good Property management Company will be able to assist you in sorting through all of the local and federal housing laws. You will find that our service is an indispensable asset when leasing your house to senior citizens.
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