by Wendy Dessler | Aug 30, 2018 |
Property owners and HOA renters occasionally both agree that homeowners associations put unnecessary rental restrictions in place. On the other hand, many homeowners also believe that the homeowners association has their best interest at heart, and works hard to protect them through valuable and appropriate CC&Rs. In some cases, the homeowners association may prevent you […] Read More...
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by Tyler Lamarr | Sep 25, 2017 |
Vacation rentals are a lucrative business. From 2015 to 2016, Airbnb doubled revenue, with an estimated $12.3 billion in reservations. HomeAway (VRBO) has also had huge growth with an estimated $14-$16 billion in vacation rental bookings in 2015. With this tremendous growth, it's clear that short-term rentals are not going away anytime soon. Read More...
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by Meredith Pond | Dec 6, 2016 |
HOA Renters are sometimes stereotyped as dead-beats who don't maintain the home or take care of the yard. Surrounding residents might see them as more transient, lacking the same level of attachment to the neighborhood as those who buy a home and intend to stick around. Read More...
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by Douglas C. Shumway | Aug 31, 2016 |
One of the things that creates an obstacle for some associations in obtaining FHA certification is the requirement that 50% of the units must be owner-occupied. A new law changes this requirement, however, in a way that benefits condo associations, purchasers, and developers. On July 29, 2016, President Obama signed into law the Housing Opportunity Through Modernization Act (passed by unanimous vote in the US House of Representatives), which changes FHA requirements for condominium certification. Read More...
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by Victoria Cohen | May 25, 2016 |
Most governing documents regulate the minimum length of time a residence may be rented; this is usually no less than 30 days. Yet, with the advent of Airbnb and similar sites, owners have discovered a new income stream through short term rental of their homes, often at the expense of the entire community. For some communities, short-term rentals are OK. The owners want to use their dormant property for short term rental and income… For other communities, short-term rentals mean noisy parties, damage to common area, and a general unease of having strangers in your community. Read More...
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