HOA wants to limit the number of renters in our sub division?

[Allen Lopez]

Ok so our sub division is booming. College students and young adults are renting in our subdivision and rental prices are going up and making us landlords a lot of money. The HOA is currently in the process to transition to owners as the head of the HOA.

Anyways, it sounds like the new HOA Committee wants to limit the number of renters or even get rid of them all together. Mainly because college students are partying too much. I don't mind it and I live there. Either way, they haven't even transition yet and they are already talking about it. anyone ever had to deal with this?

I feel like yeah property values will go up in the long run, but I’m in it for the money. I screen my tenants well and they never give me problems. I feel like if other landlords controlled their tenants better this wouldn’t be an issue.

Anyways, can they actually limit of stop renters all together? How would they even know if it’s a renter or a family member that lives there?

[Jay Hinrichs]

Originally posted by @Wayne Brooks:

@Theresa Harris Good points. This sounds like a new development where the developer is just about to turn the Association over to the owners.

depends on the CCRs that the home owners have to follow once the turn over happens..  turn over meetings can be really interesting and not in a good way.. I hate them  .. We always sell all our houses before we turn it over..  lest we be micro managed.

I ran into this in Jackson MS  well Actually Madison MS.. it was quite common in many of the higher end subdivisions NOT to ALLOW ANY rentals.  But i would think to change the CCRs  at least out our way. there needs to be a vote of some sort.