Have a House with HOA?- Be Prepared for the Responsibilities of Being an Owner
Having a house with an HOA can be the biggest dream of your lifetime. You might feel that you can earn a good amount of money by giving it on rent or selling a house. However, it also comes with several responsibilities, which you should be aware of. Having a home with Glendale Hoa management companies makes you pay a lot of dues and be responsible for your house on behalf of your tenant.If you want to make the most of your house with an HOA, you should understand what you need to do.
You are liable
If you have a house with an HOA, you are held liable for your tenants. You need to ensure that they follow all the rules and regulations of the HOA. If they fail to do so, you can be held responsible for breaking the rules. In some cases, the company may even fine you for disobeying the bylaws mentioned by an HOA.
You will have to pay fees
It will be your responsibility to pay fees as fixed by the company. No matter whether you live in the house or the tenant, you will have to pay fees. You can increase the rent for the tenant but still, you have to pay fees yourself because after you have the house, you are considered a part of the HOA.
You need to maintain the exterior of the house
These societies are built properly based on certain designs and color schemes. If you have a tenant in the house, you need to ensure that he maintains the exterior of the house accordingly. He needs to follow the rules and maintain the beauty of the house so that the entire housing society looks great, which is the primary goal of an HOA.
Following the HOA rules
It is strongly recommended to get in touch with the company before renting the house and ensure that you follow all these rules and regulations to avoid any conflicts later on. It is your duty to educate your tenant on these rules beforehand. In case, you are unclear about any rule, you should get in touch with one of the board members.
You will speak for your tenant
If your tenant faces any problem while living in the house, you can inform the HOA management and seek a resolution. You will be representing your tenant in the society.
