All Forum Posts by: Monica Berger

We are in Florida... Anyone have experience with HOA changing bylaws after purchase of property? We have been doing STR for approx one year and we were hoping we would be able to be "grandfathered" if laws change but hearing a lot of mixed messages about the case law so far on this. HOA now will be allowing max 3 rentals per year, which they say avoids the potential "grandfathering" issue. We may try to fight this as we purchased the property specifically because there were no rental restrictions when we purchased, and this will significantly affect our financial situation with the property.

House is located in Indian River County area but I assume an attorney anywhere in Florida could assist?

We have a situation for an investment property we purchased just over a year ago..  House was sold to us as a 3/3, came to discover that the addition (which created the 3 BR /BA) was not really permitted by the county as a 3rd bedroom / bath (but as additional square footage only).  For short term rental the county is now prohibiting us from renting out at the appropriate occupancy level (3 BR / 6 people), and only allowing us to rent out for 4 people.  Adding to this is the potentially significant reduction in value if we were to sell it at some point.  For us to properly call it a 3/3 and rent out appropriately we would need to get all septic to current code (which all signs are would be impossible due to neighbor's wells within certain distance).   This is going to get pretty complicated quickly.  Thanks for any suggestions!