Can I Rent Out My Home in a 55+ Community?

rent-707f056d85081540818ec18f74776f71

Though the fall season has just begun, active adults in 55+ communities are likely to already be making plans on how they’ll spend the winter season. Hoping to avoid the cold climate, many families will pack their things and head out in favor of a more warm and relaxing environment.

Because their homes will be vacant, many snowbirds will surely contemplate the question, “Can I rent out my home even though it is in a 55+ community?” And the short answer is that there’s really no short answer. Here are the factors to look into when seeing if you can rent out your home in a 55+ community.

Each Community Has Restrictions

While each community is different, many adhere to strict guidelines, meaning that renting may not be a plausible option. When buying into a community, you’re not just buying a home, but all the rules and practices of the community as a whole. As such, to avoid heavy turnovers, many communities will be dismissive of home rentals. Of course, it never hurts to check with those in charge to make sure. But should the community allow for renting, there is likely to be strict rules applied to the process.

Since you’re in a 55+ community, it’s likely that you’ll only be allowed to rent out your home to a fellow 55+ renter, which could make it harder to find occupants. Additionally, there might be a limit on how many homes in a community can offer rent at a single time. Therefore, it is a good idea to get a head start and talk to those in charge early so it won’t affect you.

Also, one other thing that developers might limit is the duration of a rental. Communities will not likely be a fan of new faces popping in and out on a constant basis. As a result, communities may enforce minimal rental times, meaning that occupants would have to rent the house anywhere from a few weeks to a few months.

Do Your Research

There are a number of websites that specialize in renting out your home. The most popular of these sites is Airbnb. By creating a profile the site allows you to both list your home as a rental and search for other homes that you yourself would like to stay. Airbnb has gained popularity thanks to its easy to use interface and its ability to instantly connect renters together. For more information on renting your home, check out our past article where we go in-depth on how the site functions and why it has become a global sensation.

But Airbnb isn’t the only site for renting. Others like HomeAwayFlipKey, and VRBO offer similar services so it’s definitely worthwhile to check out each site and see which one is best suited for you.

Final Thoughts

At 55places, we place rentals in one of three categories: Short-Term Rentals (Less than 3 months), Long-Term Rentals (6 to 12 months or more), and Weekend Getaways (try-before-you-buy). Because our agents are busy assisting potential buyers, we do not assist those looking for short-term rentals. For those seeking long-term rentals and weekend getaways, feel free to speak with our agents and see if they may assist you in your search. For those seeking weekend getaways, check out our article where we provide a list of a number of communities that offer discovery packages.

While renting can be especially tricky in a 55+ community, there are means of doing so. Renting out your home is not an impossible task. It just requires a proper amount of research, time, and forethought.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting [email protected] Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

The entrance sign at the Polo Club at Mountain Island Lake, a 55+ community in Charlotte, North Carolina

The Best Small Active Adult Communities in Charlotte

Charlotte, North Carolina is a top retirement destination for adults 55+. With 72 active adult communities in the area, there’s a lot to choose from and think about. If you’re considering a move to Charlotte and already know you’re looking for a small community in size but big on options, then we’ve got you covered.

Cresswind Charlotte is a 55+ community near Charlotte, North Carolina

The Best Communities for Downsizing in Charlotte, North Carolina

A smaller home has less space to clean and maintain–inside and out. They also typically come with a smaller, more affordable price tag. Fortunately for the 55+ crowd looking to downsize in the Charlotte area, there are several active adult communities that offer smaller floor plans at affordable price points.

A sunny day at Lake Walk Freedom Homes in Mooresville, North Carolina

55+ Communities Near Lakes in the Charlotte Area

Dreaming of spending your retirement on the water, boating, fishing, swimming, or just relaxing, soaking up the sun every day? Then, Charlotte, North Carolina should be on your radar.

The clubhouse at Village at Deaton Creek in Hoschton, Georgia

The Best Active Adult Communities in the Atlanta Area

The state of Georgia is a popular destination for 55+ active adults, and the Atlanta area is one of its hottest places to relocate. The city offers fine restaurants, diverse shopping opportunities, and impressive cultural attractions, as well as its own rich history and distinctive southern charm. If you are considering living near Atlanta, you’ll want to take a look at six of the area’s most popular active adult communities.

A happy group of elderly people living in a 55+ community meet the age requirements.

What Are the Age Requirements for a 55+ Community?

For many, the answer to “What are the age requirements for a 55+ community?” may seem obvious. You have to be 55 or older, right? No, that’s not always the case. In fact, there are many scenarios where there’s only one resident who is 55 or older. Also, there are rare cases when no residents is 55 or older. 

An older adult takes a continuing education course offered in his 55+ community.

Never Stop Learning: Continuing Education Programs in 55+ Communities

Many people look forward to retirement because they can finally stop focusing on work and start focusing on doing more of what they enjoy. Do you want to learn a new language, play an instrument, or try making a new craft? There are many benefits that learning something new can provide.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top