All Forum Posts by: Jacqui Casey

@Jacqui Casey

As others have said be aware of HOA rules that might restrict STRs. Before buying I'd recommended looking at meeting minutes for the HOA board, look at financials, and talk to residence about the STR environment. There are some great golf courses in the Reno Tahoe area that do allow STRs and there are some that have become more restrictive or are considering restrictions. HOA management companies seem to be increasing fees for no reason except to hold more cash without actually making improvements.

Hey @Jacqui Casey, this is always a crap shoot when it comes to STRs.

On the one hand, you point out some cool features available. So many things to do and easy to access with that golf cart.

On the other hand, these sort of properties often restrict who can use the features. Sometimes it is only owners and guests when the owner is onsite. You might be able to rent it but the guests can't use the features.

Next would be that pesky HOA. They could disallow STRs in an heartbeat. In a resort style place like you are looking at, often more than one unit is owned by a single owner. One unit, one vote. You would be at the whim of a large block of units with a single owner.

We looked at a place similar to what you are talking about in North Idaho. Right on a small chain lake, 18 hole golf course, cool clubhouse etc. Golf course was off limits to non-owners. Clubhouse was OK along with the pool for STR guests. Plus access to the small beach for the lake.

HOA was pretty high and it made it tougher to make a profit plus the board was kind of volatile.