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Updated about 1 year ago on . Most recent reply

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83
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Jacob Stevenson
  • Insurance Agent
  • Sioux City
41
Votes |
83
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HOA work around

Jacob Stevenson
  • Insurance Agent
  • Sioux City
Posted

I know with new laws there's becoming new ways to structure and rent STRs. I'm looking at a property that is in an HOA that does not allow short-term rentals but wondering if there's like structure I can utilize in order to buy the property and rent it. I think it's the type of property that I could rent for 30 plus days at a time if that matters. Appreciate any insight into the matter, if I can make it work it'll be a phenomenal property in extremely desirable lake location.

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17,525
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,291
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17,525
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Every year I sell properties for investors after they've been fined tens of thousands of dollars by their HOA for using the property as a STR against association rules. Every single one of them thought they found a work around or would remain undetected.

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