Hi All - I know that in general it is a good idea to avoid HOAs for STR/MTR rentals. In the Bay Area, most HOAs actively restrict less-than 30 days rentals in CC&Rs, and can have % rental caps on units which may make MTRs difficult.
Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA? What did you do in that situation?
Long-term residents often dislike short-term rentals (STRs). In the Tahoe area, some HOAs have a high percentage of STRs, making it easier to invest in those complexes. Finding a condo complex that is STR-friendly can lead to a better investment. Keep in mind that condos are typically a more affordable housing option, resulting in more long-term residents. I recommend avoiding condos for STRs unless they're in tourist areas like Lake Tahoe.
There is not much you can do if the residents in the HOA vote to no longer allow STRs. You can develop a coalition of other STRs to get other on your side. That seems like a longshot though.