Hey everyone! Alex Smith here from Evernest, Chattanooga. I want to talk about another Questions Owners Ask and this particular one is “How does an HOA affect renting a home in Chattanooga?”
There are some HOA that are not fans of rental houses. Some do not allow people to rent their houses to non-homeowners at all.
So, if you suspect this is how your HOA is, we have some insight into what you should do.
If you have an HOA, you should 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. Some are okay with it but require an additional kind of deposit or fee. There are also those that make up the rules as they go.
Checking in with the HOA should be one of the first things you do because you never know how they are going to react.
I am, in no way, trying to speak poorly about HOAs. Although, we have had situations happen in Chattanooga. For example, we had one homeowner who got a notification that, overnight, the HOA decided they were going to outlaw rentals.
This particular homeowner had a tenant in the property. It was a tough situation to deal with.
I will say that is rare, but I have seen it, so it’s definitely possible.
That pretty much covers it on “How does an HOA Affect Renting a Home in Chattanooga?”
If you have any questions, definitely feel free to reach out to us.
We would be glad to help and advise you on this or any other questions you might have.
Spencer is the VP of Marketing at Evernest. He wakes up with Google and Facebook on his mind. Having bought and sold over 150 homes in Birmingham, Spencer gets a kick out of helping new and seasoned investors navigate the mistakes he made as an investor. Spencer is also passionate about his love for Michael Jordan and does his best to explain to the Millennials (who never saw him play live) how much better he was than LeBron. He loves to hang out with his wife, kids, and the world’s best black lab, Jett.