How Does An HOA Affect Renting A Home In Chattanooga?

How Does An HOA Affect Renting A Home In Chattanooga?


– What’s up everybody? Alex Smith here from
GK Houses Chattanooga. I wanted to do another
Questions Owners Ask and this particular one is
about HOAs and rental houses and the question is, how could an HOA affect me renting my house out? So, there’s some HOAs that aren’t fans of rental houses
and they just outlaw, I guess outlaw is the word. But they just outlaw
people renting their houses out to non-home owners entirely. So if you suspect that might be the, either way, with all of these, if you have an HOA you’ll wanna follow up with them and see if they
have any restrictions on renting a house out. Some HOAs are okay with
renting the houses out, you know, no problem. Some HOAs are okay with rental houses but they’re gonna require some additional kind of deposit or fee in
order to make that happen. And then some HOAs, quite honestly, I’ve seen where they just kind of make up the rules as they go. I know, I’m not tryna speak
badly about HOA’s but, we had a situation here
in Chattanooga actually where a home owner got a notification that overnight the HOA decided that were gonna outlaw rental houses. This particular homeowner
had a tenant in there so kind of had to deal with
that whole situation. I would guess that’s very
rare but I’ve seen it so it’s definitely possible for it to happen. That pretty much covers it,
if you have any questions, definitely feel free to reach out to us, we’d be glad to help and advise you on this or any other
questions you might have. Thanks, see ya.

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