Mixing a New Construction Rental Community with For-Sale Units
Oct 23, 2021Let's say half of your complex will be build-to-rent units owned by investors, and the other half will be 'for sale' units platted for owner-occupancy. How should you approach setting up HOA(s) and property management services?
Watch the full episode: https://youtu.be/fK0u_k4OeTA
We're getting ready to do a project here in Utah. That's going to be mixed, right? Where we have a big central clubhouse and that's going to have a pool and a gym and a leasing office and an HOA office. Right. And then to the left side is going to be a rental company.
Of condos and townhomes and to the right side is going to only be a for-sale community of townhomes. Those two, uh, those two demographics kind of have different needs and wants don't they?
Sherida Zenger: Yes, So that's why we're going to do two HOA's in that community.
Steve Olson: Yeah. One master HOA and then two sub-HOAs. That way they can't be totally separate because they will interact with one another, but they're not necessarily always under the same rules.
Sherida Zenger: They may have different needs...
Submit A Question To Be Covered On The Show!
Let us know what topic(s) you want covered in a future episode.
*Submitting this form opts you in to receive news and updates from our team.
