PropertyManagementMaven: July 2013

HOA Or No HOA – Landlords Should Be Checking On Who Is Writing Them Checks Every Month.

I just turned down being the Go-TO property manager for a 37 unit self-managed HOA because the HOA wanted to be involved in the way I did business with the unit property owners...KUDOS!  Unless these rules apply to the unit PURCHASERS also, kudos for making this involvement illegal!

Arizona recently passed a new law, SB1454.  In a nutshell, the law which goes into effect in September, rules that “HOAs will no longer be able to ask homeowners to conduct background checks on their renters and landlords will no longer have to give HOAs renters personal information.” 

Many homeowners' associations belong to crime-free programs, which partner with local law enforcement to ban convicted felons, sex offenders and drug dealers from renting in their communities. Come September, property managers, investors, private owners or others, can rent to anybody despite HOA rules and regulations that prohibit sex offenders, drug dealers, felons, etc.

Those opposed say the new law will:

  • Jeopardize the safety and security of hundreds of communities across the state
  • Takes away the safety and the security of every HOA in the state of Arizona
  • Take away a homeowners peace of mind of living in a designated crime-free community

Those in favor of the law say:

  • It gives rights back to property owners to rent their property out to who they want without restrictions.

No matter your opinion on the new law, or what your opinion is about HOAs, here is what a landlord should be doing:  BACKGROUND CHECKS.  It doesn’t matter if the home is in an HOA or not, it doesn’t matter if you are a licensed property manager or not, it doesn’t matter if you want the neighbors to like you or not –  the priority should be protecting yourself and your home.

As an investor and a property manager, I personally want good tenants in rentals – whether it is in an HOA or not.  But also, I want the neighbors to be happy – you see, happy neighbors do things like call you when something is wrong, help you watch the property when it’s vacant and do other things to make your job easier.

Remember, law or no law, if you bring crime into a neighborhood – you bring it into your home.  Do background checks and protect yourself and at the same time, others.

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com!

                                     

 

This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2011. If you want to reprint parts of this - just email me for my permission:TucsonsRealEstate@gmail.com.

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

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Comment balloon 11 commentsWallace S. Gibson, CPM • July 22 2013 03:03AM
HOA Or No HOA – Landlords Should Be Checking On Who Is Writing Them…
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I just turned down being the Go-TO property manager for a 37 unit self-managed HOA because the HOA wanted to be involved in the way I did business with the unit property owners… KUDOS! Unless these rules apply to the unit PURCHASERS also, kudos… more
NASCAR's Sprint Cup invades New Hampshire giving a Boost to the market
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Many states * NY and WA * have turned down NASCAR/auto racing tracks which is a shame for local economies AND residents' quality of life… NASCAR tracks have been likened to a footbal stadium which is totally apples v oranges… Want a GOOD * CLEAN… more
Do you allow fireworks at your rental properties?
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I SAY NO… there are too many options for property damage and health concerns… if a resident asks, I suggest they check with their renter's insurance carrier Fireworks are synonymous with our celebration of Independence Day. But injuries, fires… more
Read your Lease Agreement please… you signed and agreed to the terms.
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I have standard letter of "unintended consequences" that I send tenants who contact the property owners… it goes something like they now question my (Wallace's) judgement in placing them (the tenants) in their property and have… more
Can I refuse to lease a property to a pit bull owner?
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PETS ARE NOT A PROTECTED CLASS FOR FEDERAL or STATE DISCRIMINATION complaints and this is issue is TOTALLY directed by property insurance underwriters' list of DANGEROUS BREEDS of dogs. http://www. forbes. com/sites/cateyhill/2012/05/30/11… more
AR Downtime Tonight at 9:30pm Pacific
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ActiveRain will be unavailable tonight, July 2nd from 9:30pm until 11pm Pacific. This downtime is necessary for the completion of the updates per IT. The biggest update you will notice is a new url for your profile page: Current: http:/… more
Landlord wants credit check? Client says "No way! "
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I'd NEVER waive a credit check and in our area, many poorly qualified residents often use newbie real estate agents that they have told LIES to… I ONLY hear "they will make GREAT tenants from real estate agents" HOW DO THEY… more