Sometimes Rentals Work FOR Associations

One of the topics that confound community associations and their boards is what to do about renters. Many times, the question is what can be done to limit them, prohibit them or somehow control them. The goals of a landlord can be different from the goals of a resident owner, and there are plenty of opportunities for conflict. But is there a time when it pays for the association to be a landlord? What if a zombie house – a delinquent in paying assessments – can be turned into a rent-paying income stream? Certainly, this presupposes a community where rentals are not limited. But, where the option to rent exists (and is permitted by the Governing Documents), new strategies have opened new doors to do just that.    Read the article……………

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