Tag Archives: renters

DEALING WITH RENTERS

You can place restrictions on renting units, but you might want to try some other strategies first.

When community associations start discussing what they should do about renters, it is often because of a horror story. In the last several years, I have helped associations deal with renters whose alleged activities have included loud parties; fights and disturbances; child abuse; strange people coming and going at all hours of the day and night; drug dealing; prostitution (both male and female); car break-ins and apartment burglaries; vandalism and other abuses of property; harassment and assault of managers, board members, owners, and other tenants; and every other conceivable social ill. While these kinds of activities sometimes involve owners, usually the perception is that renters are problems.

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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. 

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The rise of renter nation

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Don’t feel like taking a ride on this roller coaster of a real estate market? Opting to rent, at least for now, instead of buying? If so, you are not alone, according to a new survey of thousands of renters and homeowners across the nation by Fannie Mae.
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IL: Relaxing the rules on condo rentals

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

One of the early issues tackled by the new Kedvale Gardens Condominium Association in 2004 was renters. The board decided that up to six units, or 15 percent, of the 41 units could be rented at any given time. The policy worked well until a couple of years ago.
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