HOA Fees and Rentals

[Peter Hightower]

How is everybody handling HOA fees with a rental unit? Are they included in the monthly rental or considered a separate fee in addition? Is there an industry standard? Does it make a difference if it's a condo vs a SFR in a neighborhood?

[Ray Harrell]

You can include HOA fees in your rent if your area commands it. Just like you include the costs for water, sewer and trash if your tenant doesn't pay for them. I imagine market rent in a condo or "gated" community will allow you to included those fees in your rental amount. Nothing illegal about it. People rent their condos all the time, and I doubt if any of them are taking a loss because of the HOAs.