Quote:
Originally Posted by Couple of Lakers
Always make sure to do your due diligence. We had someone who bought a place in our small community to run an air bnb business. This was not allowed by our HOA and ended up being a huge problem for the buyer after they found out. They ended up selling again.
Check condos bylaws and if possible have a chat with other owners that can answer questions sometimes better than a realtor.
I'm not sure if anyone would want to live in a place where guests are constantly rotating and getting drunk all hours of the night.
We understand that folks like to get help paying for their investment. But personally we don't want to entertain strangers on vacation on a daily basis during the summer.
So bottom line in an HOA check the rental rules. The community does make a huge difference!
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An HOA near us changed the rules
after a guy bought for Airbnb. A bad situation for him. But as you say, too many abuses