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Rob Bianco
  • New York City, NY
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HOA Multi Family in Lee's Summit

Rob Bianco
  • New York City, NY
Posted May 30 2018, 17:55

I'm looking into buying a 3 bed 2 bath in Lee's Summit. It's a single unit within a fourplex and HOA fees are relatively low at $65/month. It's a nice property close to town and I'm thinking it'd make a decent rental.

I haven't read the HOA agreement yet, but I've read a lot of concerning things about the HOA making life tough for landlords here on Biggerpockets. The other tenants in the fourplex are owners and I'd be the only renter, although the current seller has been renting his unit out for 10+ years.

I'm wondering if anyone has any experience with HOA in Kansas City or Lee's Summit or if there are any red flags I should look for in the HOA agreement etc...

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