What You Need to Know About Owning Rentals Located in an HOA

27/05/2024 32 min Episodio 63
What You Need to Know About Owning Rentals Located in an HOA

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Episode Synopsis

Send us a textSo, a few years ago we bought a 4-plex that was located within the confines of an HOA or Homeowners Association.And the numbers worked, so that was great, And we were told that they handle a lot of the landscaping and care for the parking and deal with all the trash again, which was great.But we made a crucial mistake and did not thoroughly read the bylaws, which is all on us. There was one item in there that made a really big difference on how well this new purchase would play out.So, this week on the podcast, we are talking all about what it means to own a rental property within an HOA.There are several pros and cons to Homeowners Associations.  Some aspects can be fantastic when owning a rental governed by them and others can really affect the value of your rental and the ability to rent it. LINKS👉 Episode 44: Deck and Balcony Safety Beyond California SB-721Connect with Us: 🌎 Visit our website 📧 Subscribe to our newsletter. 👆Click HERE for our FREE Landlord Forms and Doc’s 🤳Text Us: 650-489-4447. We love questions and love letters! 📩Email us at: [email protected], [email protected] ➡️ Review the Podcast on Apple or on Spotify or YouTube ✔️Course Waitlist: From Marketing to Move In, Place Your Ideal Tenant 📱 Follow us on Instagram, Facebook, & join our priv...