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How Rental Properties Succeed in an HOA

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MAINTAINING A GOOD RELATIONSHIP WITH THE BOARD & NEIGHBORS Despite the benefits of owning a rental property within an HOA, a landlord's relationship with the board or neighbors can often become strained. Past issues and personal expectations can get in the way of building a harmonious partnership. To ensure a peaceful relationship with everyone in the community, take note of these tips: • Pay dues on time. Money hurdles can get in the way of building a solid relationship with the board. • Hire a dependable property manager. Ease the burden by hiring a property management company to shoulder the big responsibilities of being a landlord. • Address HOA violations promptly. Be sure to understand the process of curing violations and act within it. • Play by the rules. Ensure your tenants have a copy of the governing documents and abide by the CC&Rs. • Be present. Attend board and/or neighborhood meetings. • Clean up. Make sure your property is properly cared for and always well-maintained.

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