The invasion of institutional investors has led to practical problems for communities outside of the expected compliance issues. For example, who will run for director positions for the board association or assume committee positions without homeowner volunteers? Will the annual meetings reach quorum? Overall, how does the surge of renters impact the character of the community? These associations struggle to preserve the owner-occupied character of a residential community without neighbors who intend to plant roots, foster a sense of community, and stay. Read the article………………………..
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