Rentals with strict CC&Rs and HOA

[Karla Simmons]

I am considering buying a fairly new home (2017) with some pretty strict CC&R's and there is also a small HOA fee ($63

/month ). Please tell me your experiences with similar investment properties. We will have to lay some strict rules out to potential tenants regarding things like noise, parking, not leaving items such as trikes and scooters on porch, etc. I’m just wondering if it will be difficult finding tenants that will abide by these rules.

Thank you!

[John Underwood]

I helped keep my friend keep his house rented when he moved to Germany. It was miserable as far as the HOA went. They were sending fines for parking on the street, leaving the trash can out after trash day etc. I had little control over the tenants. One of the 3 tenants that I dealt with followed the rules, the other 2 did not.

I would say absolutely do not buy a house in a HOA neighborhood that is heavy handed with the rules and handing out fines.

Oh yeah they sent out fines for weeds in the yard too.