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Updated 2 months ago on . Most recent reply

Kristi Pratt's profile image
Kristi Pratt's profile image
Kristi Pratt
  • New to Real Estate
  • from Florida
  • Member since May 1, 2024
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Kristi Pratt's profile image
Kristi Pratt's profile image
Kristi Pratt
  • New to Real Estate
  • from Florida
  • Member since May 1, 2024
Connect
Kristi Pratt
  • New to Real Estate
  • Florida
1
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3
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Real Estate News & Current Events

Thoughts on Rental with Rising HOA?

Kristi Pratt
  • New to Real Estate
  • Florida
Posted

Looking for advice from experienced investors: I bought a condo in 2019 and began renting it short-term in 2021. It's been generating an average monthly profit of $1,000. However, the HOA fees just doubled from $500 to $1,000, and competition has surged (from 1 STR to 20 in the area). I'm unsure whether to keep it. Any advice?

Gainesville, Florida
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