If you live in a homeowners association (HOA) community, then you know how important it is to have a reliable property management company. After all, your HOA board members are responsible for keeping the community running smoothly and taking care of any issues that arise.
That’s where Rhino Properties comes in. We’re a leading provider of property management services, and we’re dedicated to helping our clients get the most out of their rental properties. We offer a full range of services, from advising you on getting your rental ready, to listing the property and screening potential tenants.
So if you’re looking for a company that can provide quality management for rentals in HOA communities, look no further than Rhino Properties. We’ll take care of everything so you can focus on enjoying your investment property.
What Does an HOA Do?
Homeowners’ associations (HOAs) are self-governed organizations that help maintain the integrity of residential developments. An HOA can manage the aesthetics and functioning of a neighborhood through covenants, conditions, and restrictions (CC&Rs) that benefit all members who live within its jurisdiction.
This can include landscape maintenance, pet policies, external home modifications, guest parking rules, security services, and other amenities. HOAs provide an attentive system of checks and balances to protect homeowner investments while enforcing respective laws. Whether your community is just starting or looking to modernize existing systems, an HOA is a great way to bring balance and harmony between neighbors under an efficient model of collective solidarity.
The Rules of Renting within an HOA
If you’re moving into a home governed by a homeowners association, there are several important rules to keep in mind about renting. First, read and understand the association’s covenants and restrictions, as they clearly outline what you can and can’t do as a homeowner. Some HOA communities only allow a certain percentage of homes to be used as rentals, so you may need to join a waitlist to be approved to rent your property.
Most HOAs also have tenant-specific bylaws which supplement their primary regulations. Abiding by these rules ensures that everyone living in the community is on the same page, whether they’re renters or homeowners. Next, adhere to the turnover policy if necessary; many associations have limits regarding how long a particular unit can be rented before it needs to change hands. Finally, respect your neighbors by following noise control regulations and any other neighborhood practices set forth by the association board. Renting within an HOA isn’t always easy but following proper protocols along with showing courtesy pays off in the end.
The beauty of investing in a reliable HOA property manager means that, as the landlord, you won’t have to handle the day-to-day details; Rhino will do it for you.
Why Reliable HOA Property Management Matters
For many homeowners, the HOA property manager is the critical interface between the landlord, the HOA board members and community, and the tenant(s). Their role involves everything from helping to maintain the neighborhood’s aesthetic appeal, to promoting harmony among residents. This investment of time and know-how will reap dividends for individual property owners as well as for the entire homeowners’ association. After all, reliable HOA management can mean a more desirable residence with tangible benefits in terms of rental or resale value.
How a Property Management Company Makes a Landlord’s Life Easier
For many landlords out there, the time, money, and emotional energy required to properly manage a rental property can feel like a burden. Thankfully, with the help of a property management company like Rhino, you can rest easy knowing that your tenants have a place to turn for any issue related to their rental home.
Rhino takes on the day-to-day tasks such as rent collection, tenant communication, and maintenance requests so that you don’t have to. Not only does this save you time and money but it also gives tenants more peace of mind knowing that their concerns will be addressed quickly and efficiently. With all these responsibilities taken off your shoulders, you can focus on other commitments in your life while earning supplemental income with your rental. So, if managing your own property is becoming too much to handle – reach out to a professional property management company today.