Advantage/Disadvantage to owning properties with the same HOA

[Erik Sherburne]

For those that invest in condos/town homes any opinions of the advantages or disadvantages of owning multiple properties in the same HOA? I have two now and looking at a third. I have two others in different associations and a SFH as well so I'm "diversified" across the HOAs but to have three would make it less so. There is a convenience and familiarity factor of adding properties that I like.

[Jeff Smith]

Having multiple properties in the same HOA does give you some additional clout in HOA discussions if you are an active participant, but you have to get to a point where your ownership is very significant.

If you are investing in a high rental vs ownership community, I don't see anything particularly wrong with that if your due diligence is telling you that the rent market there is strong.

I suppose a better question might be if you like the HOA in addition to the properties. Do they make your life easier or harder and do they do a good job in keeping common areas cleaned, etc?