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Updated about 5 years ago,
HOA Issues with Airbnb: Fight it? Turn Corporate? Other items?
Hi!
Perhaps too impulsively, I invested 20k to set up an Airbnb in an HOA governed neighborhood: one of the few left unregulated outside of Boulder, CO, and the neighbors just informed me that there are several clear rules I am breaking with my Airbnb Ads, he has found them and requested I stop at threat of calling in the HOA.
Im looking at creative solutions...
ROOMMATES
A fall back is to go with roommates of course, that would cover the rent and given its furnished I might make back my investment capital in 2-3 years.
CORPORATE RENTALS
Can I do corporate rentals with a 30 day min? If I do that, what might that look like? I found several options on other posts but have not found any sites that seem to be operating significantly in my area.
AIRBNB W 30 DAY MIN
Seems reasonable, although technically the HOA rules state that any commercial use is forbidden and that they will interpret an airbnb listing as evidence of such.
Any other options?
I have been offered an out, in 8 months, which means that I could get roommates to cover the rent, and move all the furnishings into a new home to recoup 70% of the investment capital... Thats definitely a possibility.
Would love to hear what others would do in the same situation.