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Updated over 10 years ago on . Most recent reply
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Who pays HOA fees?
Hi,
I am going to rent out my house that has HOA fee of $30/month. Do you think is it better if I add $30/month to the rent and keep paying for the HOA fees myself, or I ask tenant to pays the HOA fees?
I understand that some HOA can take legal action for unpaid HOA fees. So, to keep things simple, I would like to just add the fees to monthly rent.
What do you think about it? Any pro and cons?
Thanks,
Donny
Most Popular Reply
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You pay the HOA fees as a part of your cost of ownership. If the HOA offers amenities that the tenant would enjoy then use it as marketing - pool, trash, etc. You are renting the property at what the market will allow (not the market rent plus HOA fees) and pay the HOA payment out of the rent you collect.
I wouldn't put that responsibility into the hands of the tenant, the late fees and challenges with no payment is too much risk.