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Old 03-19-2009, 02:02 PM
 
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I understand if your HOA has a policy to not allows rentals but what about subdivisions that either do not have an active HOA or has a HOA that doesnt have such a provision. Any help would be greatly appreciated.
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Old 03-19-2009, 02:35 PM
 
Location: East Side of ATL
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If you wanna be in violation of The Fair Housing Act...go ahead
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Old 03-19-2009, 02:39 PM
 
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A landlord doesnt have to take section 8 but I don't know that a HOA can do this. Depending on the neighborhood and rental values it may not attract much interest from section 8 renters.


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Originally Posted by PKCorey View Post
If you wanna be in violation of The Fair Housing Act...go ahead
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Old 03-19-2009, 02:41 PM
 
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Originally Posted by PKCorey View Post
If you wanna be in violation of The Fair Housing Act...go ahead
So how do HOA's set bylaws that do not allow renting of anysort within the subdivision??
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Old 03-19-2009, 02:57 PM
 
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Usually they are included when the HOA is set up and it is legal to do so. Read your CC&R's and do some research. There are many subdivisions around which do not allow rentals or cap rentals. Most likely you will need all owners to vote on it. Changing the bylaws is generally not an easy task in a HOA.



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Originally Posted by suprascooby22 View Post
So how do HOA's set bylaws that do not allow renting of anysort within the subdivision??
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Old 03-19-2009, 03:39 PM
 
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Originally Posted by noah View Post
Usually they are included when the HOA is set up and it is legal to do so. Read your CC&R's and do some research. There are many subdivisions around which do not allow rentals or cap rentals. Most likely you will need all owners to vote on it. Changing the bylaws is generally not an easy task in a HOA.

Greatly appreciated!!
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Old 03-19-2009, 04:11 PM
 
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Quote:
Originally Posted by suprascooby22 View Post
Greatly appreciated!!

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Old 03-19-2009, 04:17 PM
 
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The challenge for homeowners who need to sell right now in ATL, is that unlike some other markets with high foreclosure rates, most of those who are being foreclosed on don't seem to be able to afford the rent that most homeowners can afford. So, they turn to the very competitive apartment market, when even in nice parts of town, there are rent deals everywhere and rents seem to be falling.

So, you have either a desperate homeowner (or worse a misguided investor) who need to rent a property and can't find a tenant. They turn to Section 8 because it guarantees a steady flow of rent.

In our neighborhood, generally the neighbors make the landlord's life miserable by calling and complaining about every mistake/oversight the tenants make. It may not be fair play, but it generally works, the homeowner usually gives up and puts the house on the market. However, in this market, there aren't many buyers so I think this makes this more challenging.
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Old 03-19-2009, 04:36 PM
 
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The housing market is starting to experience the problems that the condo market has been facing for several years now. Owners who can't sell need to lease out and thus become accidental or unintentional landlords. I know that in my former condo complex there were desperate owners renting to people without doing even basic background or credit checks. In many cases, the tenants would trash the place and alienate surrounding neighbors which made it harder for other owners who were trying to live there or sell. Its difficult to show your property to a potential buyer when there are 3 bags of trash and empty cases of beer sitting outside of the unit next to yours. Not to mention the loud thumping music that can be heard from the parking lot.

Once the condo HOA started enforcing leasing limits and collecting fines from absentee and disinterested owners then this improved the situation but it took quite a while. There was an example of 8 people living in a one bedroom condo unit though the lease reflected only one person. In this case the owner didn't really care since she was collecting a rent check every month which kept her afloat but it made everyone living near her tenants completely miserable. This type of behavior is starting to spill over into the housing market.

I recently saw a house over in Oakhurst that was absolutely beautiful inside though I noticed that the next door neighbor's home had lots of debris, car parts, and a number of unfinished carpentry projects scattered all around the yard. Folk art or junk ? Who knows. But after some research and basic interviews with neighbors it turns out that they were renters who weren't particularly interested in how their lifestyle impacted others in the neighborhood. Evidently the owner needs the cash desperately and was willing to let this continue. This can happen anywhere of course but it seems to be more frequent these days.

Last edited by Somoso; 03-19-2009 at 05:30 PM..
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Old 03-19-2009, 04:40 PM
 
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I think the home owners definitely need to be held accountable. I do hate noisy and slovenly people.
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