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Old 06-19-2011, 09:35 PM
 
Location: Des Moines, IA
219 posts, read 570,350 times
Reputation: 80

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Oh... so goes for every single house up for rent? What about townhomes and apartments? And the utilities are included in this, you say?? Sorry for all the questions.. it's just that we don't really have this where I live, so I'm trying to understand it better. Thank you all.
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Old 06-19-2011, 11:07 PM
 
Location: RSM
5,113 posts, read 17,787,619 times
Reputation: 1893
Quote:
Originally Posted by TygrrEyzz View Post
Oh... so goes for every single house up for rent? What about townhomes and apartments? And the utilities are included in this, you say?? Sorry for all the questions.. it's just that we don't really have this where I live, so I'm trying to understand it better. Thank you all.
Older houses do not have HOAs or higher effective property tax rates(think built pre 1990 more or less around here). The houses that do have HOAs typically have much lower costs than condos and townhomes, since the buildings are not owned by the HOA(except maybe a clubhouse).

Utilities being included or not is something else. Some places have cable and internet as part of the HOA fees, some have gas and/or electricity, some have nothing
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Old 06-19-2011, 11:17 PM
 
140 posts, read 269,987 times
Reputation: 229
If the house is part of a HOA do NOT move there, they will tell you where you can park your car, when you can mow your lawn, what color drapes you can use, what time your lights need to be off, what kind of flowers you can plant, if you can have company park in your drive or the street and what time they MUST leave, if your children can have toys in the yard, oh and in some cases who you can sell your house to if that time comes.

Basically HOAs are run by people that want to control what everyone else does.
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Old 06-19-2011, 11:19 PM
 
Location: Aliso Viejo, Orange County, CA
5,154 posts, read 6,731,369 times
Reputation: 4267
Quote:
Originally Posted by TygrrEyzz View Post
Oh... so goes for every single house up for rent? What about townhomes and apartments? And the utilities are included in this, you say?? Sorry for all the questions.. it's just that we don't really have this where I live, so I'm trying to understand it better. Thank you all.
HOA fees only apply to a certain number of houses and, as far as I know, to all condos/townhouses in CA. Buyers are made aware of these fees upfront before purchasing.

Utilities like gas/electric/water are not usually included in these fees, but sometimes HOA’s will include cable; and most probably include trash.

Of course, the more amenities (some developments have water parks, tot lots, tennis courts, multiple swimming pools) the higher the HOA fees, because somebody has to pay for these luxuries.

Some apartment owners must also pay HOA fees, but it depends upon the community. For example in the city where I live, HOA fees are paid by owners of SFRS/condos and townhouses to their respective community. In addition, everyone, including businesses and owners of apartment buildings, must also pay a very small (about $100) annual fee to the city-wide HOA for maintenance of multiple parks, medians, etc.

Renters really don't have to worry about any of this, they just have to be concerned about the basic rental price and whether or not it includes utilities (it usually does not).
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Old 06-20-2011, 01:06 PM
 
Location: The Valley
63 posts, read 132,012 times
Reputation: 70
Quote:
Originally Posted by offsetdude View Post
if the house is part of a hoa do not move there, they will tell you where you can park your car, when you can mow your lawn, what color drapes you can use, what time your lights need to be off, what kind of flowers you can plant, if you can have company park in your drive or the street and what time they must leave, if your children can have toys in the yard, oh and in some cases who you can sell your house to if that time comes.

Basically hoas are run by people that want to control what everyone else does.
qft!
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Old 06-21-2011, 04:00 AM
 
4,261 posts, read 9,012,391 times
Reputation: 3262
Quote:
Originally Posted by JTGJR View Post
Could have something to do with Homeowners Association (HOA) fees.
You must have missed the part where OP states he will be renting, and as such, ought not have any concern regarding HOA's.

To answer OP's question-it really depends on where yOu want to live. Your amount is on the low end, but there are safe nice suburbs in LA and IE wherE you can find such a Place.
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Old 06-21-2011, 02:59 PM
 
1,753 posts, read 6,215,131 times
Reputation: 1613
Quote:
Originally Posted by JohnG72 View Post
You must have missed the part where OP states he will be renting, and as such, ought not have any concern regarding HOA's.

To answer OP's question-it really depends on where yOu want to live. Your amount is on the low end, but there are safe nice suburbs in LA and IE wherE you can find such a Place.
I beg to differ and did, indeed, note renting. The OP said
Quote:
houses seem to be cheaper even than some townhouses
I'm assuming that if a owner is paying $2000 mortgage and $500/mo HOA fees, they are not going to rent their property for $2250 thinking they're making money. They're going to include the monthly HOA fee as part of the rental rate.

No?
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Old 06-21-2011, 03:21 PM
 
4,261 posts, read 9,012,391 times
Reputation: 3262
Quote:
Originally Posted by JTGJR View Post
I beg to differ and did, indeed, note renting. The OP said

I'm assuming that if a owner is paying $2000 mortgage and $500/mo HOA fees, they are not going to rent their property for $2250 thinking they're making money. They're going to include the monthly HOA fee as part of the rental rate.

No?
No.

Landlords can ask whatever the want. But asking price is irrelevant. The landlord will only receive what that market will pay in rent.

What you did do was derail a thread into a debate on the merits of HOA's.
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Old 06-21-2011, 04:41 PM
 
1,753 posts, read 6,215,131 times
Reputation: 1613
Quote:
Originally Posted by JohnG72 View Post
What you did do was derail a thread into a debate on the merits of HOA's.
Until you got your panties in a bunch, I provided two very specific answers to two very specific questions by the OP and, in fact, acknowledged my lack of knowledge about HOA fees. But your rudimentary market force economics statement has added considerable value as well.
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Old 06-21-2011, 05:11 PM
 
Location: Des Moines, IA
219 posts, read 570,350 times
Reputation: 80
Thank you everyone for your help! I was getting pretty worked up about the HOA fees. Where I live, we don't have anything like that in terms of renting. We pay whatever utilities the landlord requires but there aren't any extra fees on top of that. I knew California was expensive but SHEESH more fees onto of my rental fees?? To be clear, if I am renting, I don't have to worry about these, right? It's still interesting to know about them though. So thank you for all of your information. Oh yes and I was going to ask... I am interested in the San Fernando Valley. Someone mentioned it above as being a reasonable place to find cheap rent but safe places to live. What is the Neighborhood of Van Nuys like? Is it nice? Any other good neighborhoods up there you guys think would be good? Thank you so much!
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