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Response to orangecrush (Original post)

Fri Feb 26, 2021, 08:19 AM

25. This is a very tough one if the government doesn't help the landlords to pay at least the HOA fees

Of course that my example has to do with properties that have HOA, if an owner owns a house there may be no HOA involved.

Is there any protection to property owners from HOA fees? I am not sure what the eviction law covers, but think about it. If a property owner owns three apartment buildings, each one rents for $1,200.00/month. Out of those $1,200.00 $350.00 go to pay HOA fees, and about $150.00 got into paying Insurance, Home Shield, Taxes, and if anything goes wrong in the unit having "Shield Insurance" you pay between $75.00 to $100.00 to bring someone to fix whatever broke.

Your cost is about $1,500.00/month and if you are not getting the rent then those $1,500.00/month are coming out of your pocket. The toughest part is that an HOA can place your property on foreclosure for missing three payments, and for those owners who depend on the rent to pay those fees that is a tough preposition if the government is not providing aid to them.

I understand that renters need a break because of the pandemic, I am not sure how property owners are being helped.

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Arrow 42 replies Author Time Post
orangecrush Feb 25 OP
yaesu Feb 25 #1
NYC Liberal Feb 25 #3
Amishman Feb 26 #20
DownriverDem Feb 26 #30
NotHardly Feb 26 #37
TomSlick Feb 25 #2
PSPS Feb 25 #4
TomSlick Feb 25 #6
cstanleytech Feb 26 #10
Hugh_Lebowski Feb 26 #14
cstanleytech Feb 26 #17
Hugh_Lebowski Feb 26 #18
cstanleytech Feb 26 #19
oldsoftie Feb 26 #23
cstanleytech Feb 26 #29
ripcord Feb 26 #31
cstanleytech Feb 26 #32
ripcord Feb 26 #33
cstanleytech Feb 26 #36
ripcord Feb 26 #38
mopinko Feb 26 #8
oldsoftie Feb 26 #24
Blasphemer Feb 26 #9
LovingA2andMI Feb 26 #13
Hugh_Lebowski Feb 26 #15
Amishman Feb 26 #21
Johnny2X2X Feb 26 #39
ripcord Feb 26 #41
Johnny2X2X Feb 26 #42
area51 Feb 25 #5
catrose Feb 26 #7
rdking647 Feb 26 #11
Sibelius Fan Feb 26 #12
Hugh_Lebowski Feb 26 #16
LymphocyteLover Feb 26 #28
oldsoftie Feb 26 #22
LineReply This is a very tough one if the government doesn't help the landlords to pay at least the HOA fees
Escurumbele Feb 26 #25
bucolic_frolic Feb 26 #26
Dr. Strange Feb 26 #34
bucolic_frolic Feb 26 #35
TomSlick Feb 26 #40
LymphocyteLover Feb 26 #27
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