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Updated almost 11 years ago on . Most recent reply

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79
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22
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Donny Widjaja
  • Investor
  • Pflugerville, TX
22
Votes |
79
Posts

Who pays HOA fees?

Donny Widjaja
  • Investor
  • Pflugerville, TX
Posted

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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1,047
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596
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Travis Sperr
  • Lender
  • Denver, CO
596
Votes |
1,047
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Travis Sperr
  • Lender
  • Denver, CO
Replied

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. 

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