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Updated over 6 years ago on . Most recent reply

User Stats

14
Posts
4
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Lance Peterson
  • Rental Property Investor
  • Omaha, NE
4
Votes |
14
Posts

Paying HOA a “fee” in order to continue AirBnB?

Lance Peterson
  • Rental Property Investor
  • Omaha, NE
Posted
HOA is doubling down on outlawing AirBnBs, however they are considering either a monthly fee or fine of sorts in order to allow people to continue doing AirBnB while also raising funds for the HOA. Has anyone ever heard of this? How much would this typically charge? One board member is concerned that doing this would change our HOA from being non-profit to a for profit business and would require us to become ADA compliant (historic building that does not have elevators), pay extra in taxes, higher liability, etc. Does this sound like a legitimate fear?
  • Lance Peterson
  • Most Popular Reply

    User Stats

    1,642
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    779
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    John D.
    • Rental Property Investor
    • La Quinta, CA
    779
    Votes |
    1,642
    Posts
    John D.
    • Rental Property Investor
    • La Quinta, CA
    Replied

    There's no reason this would need to change your HOA's non-profit status. Plenty of non-profits can charge fees, issue fines, charge dues, etc. all pretty normal while still maintaining the non-profit status.

  • John D.
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