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 3 months ago,

User Stats

13
Posts
13
Votes
William HooFatt
  • Homeowner
13
Votes |
13
Posts

Allow MTR in Condo HOA Board bylaw change?

William HooFatt
  • Homeowner
Posted

I was just wondering if anyone has been successful in convincing Condo HOA Boards to change the bylaws to allow MTR (Moderate Term Rentals)?

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.

My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.

The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).


They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.

I think that's a lot of horse waste!

I have a two bed, two bath.  The MTR agencies offer furnishings and decoration of the property.  They would only rent according to the number of bedrooms (ie., 2Bd means two persons).  That wouldn't stress out the resources anymore than renting to two people.  A traditional rental is likely two parents and two kids, causing four persons to live there.

My intent is to bring up a case to the HOA to allow MTR. I understand how short term, like an AirBnB might cause some issues. But MTR is win-win all around.

Any thoughts?

Loading replies...