who pays for the HOA fees?

7 Replies

When you rent a property, who pays for the HOA fees? do you list the property for a price and let the tenant know that there is an extra bill? do you include the fee in the rent?

Hi Martin,

You pay the HOA bill it's your bill, not the tenants. So if market rent is $1500 you charge the tenant what the market rent is. You do not need to complicate things and say your rent is $1200 +300 HOA fee. Way too confusing for a tenant and it makes you look shady by doing that.

I build it into the rent and pay the HOA directly.

Same same. When it’s $39 or $430/mo it’s part of your costs for owning, just like property taxes. 

Owner pays the HOA dues. Try to obtain the highest rent possible knowing your expenses.

You always pay it because if you entrust tenant to do it and they don't, HOA forecloses on your property. This is the same concept as property taxes. Just charge market rent, and build the HOA fee into your calculations.

Originally posted by @Bill Brandt :

Same same. When it’s $39 or $430/mo it’s part of your costs for owning, just like property taxes. 

To continue this logic, if your tenant doesn't pay taxes or HOA, you get a lien or foreclosure...

Agreed to all the above.  It's factored into every month's expenses. 

Word of warning, Condo's are notorious for High HOA. Is that pool and work out center REALLY worth $700/ mo.?

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