There are countless benefits to purchasing a home that’s part of a homeowners’ association (HOA), and this can be equally true when buying a rental property. When you purchase an investment property in any neighborhood, the goal is to maximize the return on your investment. Whether you choose to operate your rental as a long-term, single-family home or a short-term, vacation condo, the income potential for renting out your property in a managed community can be significant. It’s critically important to first understand what type of rental opportunities are allowed in an association and the challenges you might face before moving forward, but buying in an HOA gives you additional resources, offers a second pair of eyes to watch over your investment, and helps ensure steady home values.

With more than 40 years of experience managing HOAs across North America, Associa understands what it takes for investment properties to succeed in any community. For landlords, success means profiting from your investment while maintaining a healthy relationship with the board and neighbors. Read on to learn tips for a smart investment, the benefits and challenges of owning a rental property in an HOA, how to foster positive relationships, and much more.