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Thomas McNicholas
  • Chicago, IL
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5
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Mobile Rental: Having Renter Pay for the HOA fee

Thomas McNicholas
  • Chicago, IL
Posted

Hi Guys,

Found a good deal on a mobile home. Was thinking of having the tenant pay the HOA monthly fee's and charging rent at $400 instead of $900. This would help me in 2 ways, 1) My property manager would be only be getting $400 of the firsts months rent instead of $900. 2) I would save around $700 per year on fees. I watched a youtube video that says its allowed but the video is 10 years old. Wondering if thats still the case. Thanks!