All Forum Posts by: Steve Sellers

@Lucia Rushton thank you for the insight. Makes sense. 

This "built into rent" part sounds hard to substantiate, or at the least it's a second order effect. Rents are so flat across Collin & Rockwall county for your standard issue 3/2 or 4/3 SFH from 5-20 years of age and there are many variable fixed costs (+/- .5% change in property tax, from $0 to $60/mo HOA fee).

I don't see any agents chiming in to say "HOA subdivisions have higher rents and less vacancy". So I think I'm still justified in focusing effort on identifying deals without HOA, rare as they may be. Appreciate your input Anthoney.

Of course, a great deal in an HOA is still a great deal :)

What I'm wondering is if a rental has NO HOA, would that impact rentability? Can anyone offer a perspective here?

I am a buy and hold investor focused in DFW area. I look for SFHs generally meeting these criteria: (1) great school district (Plano, Frisco, McKinney, Rockwall etc), (2) low tax rate 2-2.2%, (3) No HOA.

I know the vast majority of developments beyond ~2000ish have HOA. So, no HOA is usually synonymous with older. But I see HOA as a $50/month bill and occasional thorn in my side, and I'm not even sure a rental cost or decision would be based on HOA. Pushing HOA bills to the landlord is a stupid practice, but alas, thats where we're at.

To all the realtors out there, is having an HOA even a top 5 concern for renters? Am I foolish for only looking at no HOA props?