WHAT QUANTIFIES
RENTAL SUCCESS?
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.
