Tenants or Owner pay HOA?

[Russ Desatoff]

Hello, sorry if this has been asked before. I tried to search and couldn't find what I was looking for. For you investors that have rentals in an HOA. Do you generally pay for the HOA fees or do you have the tenants pay for it? The property i'm looking at has an HOA fee. The fee really eats into the cash flow. I've factored it in the numbers and they work(barely) but would be a lot better if the tenant pays. What do you think?

[Theresa Harris]

Owner definitely pays. Anything with HOA or condo fees will cut into cash flow. condos are less expensive, but with the condo fees, you are usually better off buying a house (without an HOA). If the HOA includes any perks (eg access to a pool), you can use that as a selling feature to tenants.