Condos as Rentals in Austin

[Heather Pantalone]

Hi Ya'all,

I am thinking about purchasing a condo in Austin, TX for the purpose of using it as a rental. Does anyone know of any condos that are willing to let the owners rent out their condos? I know some HOAs can be prickly about that. Thanks for your thoughts!

Kindest Regards,

Heather Pantalone

[Aaron Gordy]

@Heather Pantalone Additionally, its harder to make the cash flow work for condo's. The hoa fees will generally kill the deal imo. The taxes are already high here but add on the ever increasing hoa fees especially at older properties will be hard to make it work. But, I guess that really depends on your holding time frame. I manage a few condos and they cash flow but it took them a few years to accomplish those goals.