Property in Association swap ownership to LLC

Property in Association swap ownership to LLC

Rental Property Investor 路 South Florida 路 Member since 2018 路 12 posts 路 6 votes
Hey Guys, Do you know if an association will allow an owner (condo paid off) currently rented (good ROI) to swap ownership into an LLC? I know for fact the association hate the fact we rent it, and i dont wanna ask them about the LLC directly. Any feedback will be appreciated 馃憤 thanks!
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  • Linda WeygantPro Member
    Investor and CPA 路 Arvada, CO 路 Member since 2015 路 2k+ posts 路 3k+ votes
    8y

    This will vary HOA to HOA, but generally if there is no covenant restriction against renting your unit, then an HOA will have no say in how it's titled.

  • Investor 路 Broward County, FL 路 Member since 2018 路 1k+ posts 路 938 votes
    8y
    If there are restrictions, you can use a land trust where you are the initial beneficiary then make an assignment to your LLC that will stay private.
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