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Updated over 1 year ago,
- General Manager, Publishing at BiggerPockets
- Denver, CO
- 623
- Votes |
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Out of State STR Investing -- HOA Proxy?
Hello! Looking for advice from other out of state investors who self-manage their properties that are part of an HOA.
I'm new to whole process of investing with a property inside an HOA out of state and looking for insight as to how you send a proxy voter (the proxy is required in-person to vote) for HOA meetings. Do you a send a proxy every time? Do you hire someone random? Do you send your cleaner and pay them separately? If so, how do you compensate them? Do you ignore these votes?
Our HOA is becoming more and more investor UNFRIENDLY and I feel it's important to have a voice at this vote in particular. Even though there isn't anything jarring to my business on the docket per say, I want to show the HOA I'm making an effort to partake as a sign of good faith. An olive branch even.
Unless you think HOA's don't give a crap either way and my participation isn't a sign of good faith.
Curious what your take is or experience is with HOA proxy votes! Thanks!
Edit to add: I live in Colorado but invest in Florida.