Tag Archives: rentals

Keep Out

With a troubled housing market pressuring more homeowners to rent their homes, many boards are taking another look at rental restrictions.  

Kathleen Retz, president of the board of chinook Manor Homeowners Association, describes her situation as a “Catch-22”.  Retz is concerned about the increasing number of rentals in her 30-unit condominium building.  She says renters “tend not to care as much about the quality of the lifestyle of the community.” And she is aware that her community could be less attractive to home buyers – especially those who need financing – if the number of rentals goes too high. 

Read more

Rentals Dividing Ownership

Struggling to make ends meet, facing foreclosures and decreased property values, more homeowners are renting out their properties.  They do it to make the mortgage and pay the bills while they wait for property values to regain traction before selling.

There’s no shortage of renters.  Many people-kicked into the street by mortgage foreclosure and unable to afford a home-are looking for a place to get their feet back on solid ground.  Whatever the reason, for homeowners and renters, one thing is certain; homeowners associations are facing the prospect of more renters in their communities.  Rentals are not usually welcomed with open arms, perpetuating the divide between resident owners and investor owners. 

Read more

Clubhouse Rental Management

 

Clubhouse Rental Management

clubhouseNeed a consistent resource for managing clubhouse rentals? Look no further. We handle the rental application process, collection of rental fees and deposits, delivery of keys and final inspections after use. We make clubhouse management a cinch.

 

 

 

 

 

...
Read more

Announcing our NEW Rental/Lease Cap Management Service

  

With the implementation of the latest requirements from the Federal Housing Administration (FHA) requiring that rentals be under a certain percentage of the total number of units/homes in Homeowners Associations and Condominium Associations for buyers to qualify for FHA backed loans, many communities have opted to amend their governing documents to institute a Rental or Lease Cap.
 

Community Association Management has developed a new service in response to the need for administrative management of these rental caps. This service is designed to take the burden off of the board in managing and assist in the enforcement of the rental cap.

Read more