Re: Can i roll into month-to-month w/o HOA approval?

Re: Can i roll into month-to-month w/o HOA approval? by dave on June 26, 2018 @15:55

welcome to the world of co-operative home ownership communities, pud's or whatever name is in fashion at the moment.

my uncle used to say that these would be the slums and crime territories of the future.

Frankly I as a LL never liked a board of volenteer non real estate people telling me how to manage my property,....but what has happened over the years,....is that there are now a lot of bad, lawless investors and accidental LL's who don't know what they're doing,...or care, the the HOA's in an attempt to just have the community survive with some order and value,....have taken a very very hard and restrictive line in the sand,.....for everyone.

Banks have now gotten harder with master mortgages for these communities, cutting the ratios of tenants to owner occupied units, which up's the pressure.

It seems you've got some operational problems between you and your tenant on one side and the HOA or their Management company on the other.

That's a real bad spot to be in.

I would not be trying to sell a tenant occupied unit.
no matter how desperately I needed the rent money.

I would not buy an individual tenant occupied unit, no matter how good the deal, or how high the cash
flow

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Re: Can i roll into month-to-month w/o HOA approval? by DA (FL) on June 26, 2018 @16:06	[ Reply ]

I don't have a bad relationship with my tenants, quite the opposite; my tenants WANT to continue to pay me rent until I sell. Selling while they are there was their idea (because of the problems with the HOA, they feel bad for my situation). The problem is that, if my approved-by-them lease, is not valid to remain active, I run the risk of the HOA evicting great tenants -I don't want to evict- and having an empty property until it is sold.

Re: Can i roll into month-to-month w/o HOA approval? - Landlord Forum thread 357861