How to verify you can STR a condo?

Question

Hi I'm new and just saw a good deal but how do I verify I can Airbnb it?

Also I feel dumb asking this but how do you search the BP forums for key words?

Walter Moneypenny · Answer

You should always have the Governing Docs before purchasing. You cannot make an informed decision about purchasing without knowing the rules.

Ronald Rohde · Answer

You can get an opinion letter from legal counsel. We would read the deed restrictions, HOA documents, AND any city ordinances or state law that govern.

Bien Nguyen · Answer

In addition to looking at the condo association CC&R's, I would ask for any updated amendments and look at the governing jurisdictions for other related STR guidelines.  Check the parcel number of the property records and find out (for example) if it is considered in the city limits or county because they may have different STR ordinances, fees, application process, etc.

Bruce Lynn · Answer

@Travis Troop  Where is the condo?  What city?   This can make a huge difference.  Some places seem to thrive on STR, these tend to be the vacation type cities...maybe HI, ski resorts, gulf coast, Florida, east coastal areas, Jersey Shore, Myrtle Beach.  Others almost always prohibit.

Some may have time restrictions...seen a lot of 90 day minimum stay in Florida.

Get the CC&R document, deed restrictions and the Rules and Regs.  I'd also ask the owner the the HOA management company and see if you can get it in writing, not just verbally.   However with that said, doesn't mean they can't change things with a board/member vote.   Also have to understand temperament of the city.  Do they embrace STR and tourism, or are they generally adverse to it.

I'd also check a couple of the STR websites to see if you can find other STR.  Stay there.  Talk with the owners.  Are they legit or under the radar?

Rakumarudu Nijam · Answer

Is it possible to acquire Governing Documents for HOA before purchasing the property

How to verify you can STR a condo?

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