Vacation Rentals in Your HOA

Vacation Rentals in Your HOA

Tyler Lamarr 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...
HOA Renters are People, Too

HOA Renters are People, Too

Meredith Pond 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...
New FHA Law & Your Rental Cap

New FHA Law & Your Rental Cap

Douglas C. Shumway 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...
Meeting Minutes Matter™ The Short Term Rental

Meeting Minutes Matter™ The Short Term Rental

Victoria Cohen 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...

Pin It on Pinterest