HOA payment process...

[James P.]

I'm looking to get some feedback on what's ideal with properties that have HOAs. Do you have the address listed with the HOA as your business/personal address? Do you let the tenant receive it at the property and let them pay it? Or is it possible for the property management company to handle it via rent and get all the paperwork mailed to them? Thanks for any feedback.

[Susan M.]

We have several condos with condo fees and they have our home address listed as their contact address.  Bills and communications are sent to us at home.  We want to be aware of what's going on (we're also on the board so that helps).  I would never trust the tenants to pay the fees themselves.  I own the property.  If the fees fall behind it's me they're coming after, not my non-paying tenant. 

We don't have a PM so I can't really answer that part of your question, but I don't see why they couldn't be responsible for paying the fees for you as long as you really trust them to do it.  In any scenario where it is ME they're coming after if a bill isn't paid, I prefer to pay it myself.