Home Owners Associations (HOAs) are the most annoying entities on the planet. As a real estate investor, they will have more input on your business on average than any local city council or state regulations. As a rule, unless there are no other options, I will avoid these because its an add layer of rules and regulations on your investment property where in many cases you HAVE to get permission to rent, to paint, or perform any exterior renovations. There can be compromises made with reasonable HOAs, however, you need to understand what you’re getting into.
Code Enforcement is a branch of the city government that has inspectors that drive around and send notices of violations, as well as mandates to clean, repair exterior aspects of your property. In the past, I have tried to fight these entities…It doesnt work. You can try, but this episode is going to relay why i avoid them, but when I am forced to be within their sphere of influence, I just do what they ask as soon as possible to get it over with. Its less painful this way.
Lisa Phillips
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