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Updated over 3 years ago,
How to Fight to prevent rental restrictions from HOA
Hi Guys,
I've owned an apartment in Las Vegas since 2012. I have rented it out in all these years. I just received a newsletter from the HOA stating they are planning on making it so that all future sales of apartments are to home owner occupied only - No renting out. Current owners such as myself can continue to rent out.
They way I see it is if I sell in the future, the pool of buyers that may be interested will be much more limited as I won't be able to sell to investors.
Any thoughts or ideas on how to prevent this? Currently the plan is open for discussion and I am trying to make a case or have good reasons why future apartment sales should still be available for rental.