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Tax, SDIRAs & Cost Segregation

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Joe Gettler
  • Rental Property Investor
  • San Francisco, CA
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15
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CC&R's without HOA presence or HOA fees

Joe Gettler
  • Rental Property Investor
  • San Francisco, CA
Posted Jul 25 2022, 19:07

BP, I just went into contract to buy a home on 1/4 acre in a nice community in California. My plan is to use it as a short term rental when Im traveling for work which is most of the time. 

The city does allow STRs with a business license but I finally got the sellers disclosures from my agent and in the CC&Rs, it says you cannot have leases under 30 days. There are no HOA fees or any governing HOA so Im not sure how this is would be enforceable but Id rather not have to worry about it.

From doing a quick google search, it looks like the city/police couldn't enforce the CC&Rs and that if there is no HOA, my neighbors would be the ones to enforce the CC&Rs... Id rather not put my nice new neighbors in that position so would appreciate some insight! I would plan to talk to them prior to operating my STR and give them my contact info if theres ever a problem. Is this something I should avoid?

 Thanks!

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