Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

73
Posts
19
Votes
Michael Nahm
  • MN
19
Votes |
73
Posts

HOA's Management Company seeking "rental fee"

Michael Nahm
  • MN
Posted

As this site hosts so many great minds, I'm back for some advice:

We own a great townhome in MN.

We've had a terrific family in the home for nearly 4 years (and another family that lived there for 4 year before as well).

The HOA's Rules & Regulations specify that in the event of a rental, the owners will pay the Management Company a specific cost for a background and credit check. We abide by that rule and take great pride in following the HOA's Rules & Regulations.

The HOA recently (a little over a year ago) changed the management company that oversees the property.

We just received an email from the management company, asking if our home was a rental (it's in their records along with the current lease), and if so, that we need to pay a $200 fee annually to them for having a rental.

Going over the Rules & Regulations, there is absolutely no word on such a fee. 

We haven't responded to their message and I'm wondering if I can refute it in any way. 

Beyond the high amount they charge for their credit and background check, this $200 a year seems like a money grab.

Would appreciate some insight to see whether I have an argument here or have no choice but to pay them.

Loading replies...