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Updated over 2 years ago on . Most recent reply

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Matthijs Pol
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20
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HOA fees cost renters pay or me?

Matthijs Pol
Posted

Hey hey! I'm looking at a property that has $250 a month in HOA fees, it covers the outside of the property, lawn maintenance, trash and water. I think $250 is a whole lot of money. Would the renters cover that or would it come out of my (hopefully soon Bigger) pockets?

Thanks! 

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Taylor L.
  • Rental Property Investor
  • RVA
4,678
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

You pay it and it comes out of the rent, just like any other expense. It will be a big problem for you if the tenants don't pay it, which is almost guaranteed to happen eventually.

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