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Michael Clifford
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HOA on multifamily. How do i set this up?

Michael Clifford
Posted

I have a a property that has several SFH that share a driveway. I need to set up an HOA to manage the easement on the driveway (snow removal, maybe landscaping). Any ideas on how to accomplish this or do I hire somebody to do it all.

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I don't think you understand what is required. An HOA is a formal organization that has to be set up and registered with the state. It would likely require an attorney, drafting documents, registering with the state, establishing a board, etc.

It would be much easier to simply create an agreement with your tenants on who shovels and when. Even easier? Hire a snow removal service and then increase the rent on each unit to cover the cost. If you find a private individual or small company, they would probably be willing to negotiate a flat monthly rate rather than charge you for each snow event.

  • Nathan Gesner
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