All Forum Posts by: Karla Simmons

@Paul Saechao

We are buying a home in Natomas with only a $62/month HOA. We would pay that for a gardener anyway, so that's no big deal. Flood insurance about $40/month - no big deal there either. Mello Roos is about $300 per YEAR, not month. For us, good investment. Neighborhood tidy and clean partly because of HOA.

@John Underwood Thank you for your input! Sounds like that was not a great experience for you. By the way, I have an uncle that lives in Greer!

@Curtis Mears

Thank you Curtis. It’s good to hear everyone’s experiences. Gives me a better idea of what I might run up against.

@Michael Rutkowski

Thank you Michael, good ideas!

@Julie Hartman

Thanks Julie. This is new territory for us (HOA's) so it's just new things to consider. We have always paid for a gardener at our other non-HOA properties, so at least we wouldn't have to do that. I guess I'm just worried we could get a nightmare tenant in that causes us grief. We will screen thoroughly!

John Underwood:

Thanks for your input.  Sounds like your friend owes you big time!!

Greg M.:  Some very good advice.  Thank you.  My husband has the backbone to push back, fortunately.  I will make sure the lease is worded so the tenant knows the fine will be passed on to them. It does sound like the screening will need to be very thorough.

Thank you for your input. I was thinking to put it in my ad that it's HOA as well.

That's great advice. Thank you so much. Do you feel like having HOA decreases your pool of potential tenants?

I am considering buying a fairly new home (2017) with some pretty strict CC&R's and there is also a small HOA fee ($63

/month ). Please tell me your experiences with similar investment properties. We will have to lay some strict rules out to potential tenants regarding things like noise, parking, not leaving items such as trikes and scooters on porch, etc. I’m just wondering if it will be difficult finding tenants that will abide by these rules.

Thank you!