Avoid the Hassle - Get a List of HOA Free Properties!
If you have decided to purchase a house in Florida and turn it into a rental property, congratulations on taking the first step toward being a savvy and successful real estate investor!
Once you have made this momentous decision, you must make other important decisions. One of the first things that you must consider is whether you want to deal with a homeowners’ association, often abbreviated HOA. These organizations are common, but are not universal. You can find new homes without HOAs and no HOA properties.

An HOA is a group of elected members who establish rules for residents and homes within a certain neighborhood. These neighborhoods can include single family homes located in an exclusive small gated community, a residential complex, a condo building, or a neighborhood of townhomes. Homeowner’s associations are intended to govern the community and oversee the upkeep of the buildings, making sure that the neighborhood stays well kept, looks good, and is run smoothly. New homes without HOAs and no HOA properties are not subject to these benefits.

New Homes Without HOAs and No HOA Properties Are Superior Real Estate Investments
These HOA benefits and goals sound great, but a lot of individuals find HOAs to be unduly strict and invasive.

Homeowner’s associations can require homes to be painted certain colors, mailboxes to be certain shapes, and dictate what foliage you are allowed to have on your own property. New homes without HOAs and no HOA properties are not subject to these restrictions.

Having an organization oversee a property’s upkeep might sound great. But in practice, it might be more frustration than it is worth. Working with HOAs can also be time consuming and  irritating. In addition to this, you have to pay fees for the privilege of being bossed around by your neighbors, who were elected to set rules to which you did not necessarily consent!

What can you expect to pay for the privilege of having your neighbors make decisions regarding what you may or may not do with a property that you own? HOA dues can cover a significant range, although it is not unheard of for HOA dues to be around $300-$500 per month. The exact amount that you must pay depends on the specific HOA to which you are subject.

Homeowner’s association dues fund projects like painting communal buildings and maintaining landscaping within the community. New homes without HOAs and no HOA properties are not subject to these fees. The individuals who own these properties must pay for this work out of pocket and coordinate with their neighbors. This can lead to headaches and squabbles. Nevertheless, individuals in this situation have more freedom than those living under a homeowner association’s quasi dictatorial rule.
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Paying HOA dues does not increase an investor’s equity, and these dues must come out of your monthly cash flow. This means that you are essentially giving the HOA money to do things that you do not need done—mowing the lawn, telling your tenant what color his or her mailbox must be. In short, homeowner’s association dues are a waste of money—and HOA interference can frustrate you and your tenant.

Another issue is that a homeowner’s association can change its bylaws at any time. This is another reason why new homes without HOAs and other homes that are no HOA properties are a wise investment. For example, an HOA could change its rules and state that it no longer allows properties in its community to be rented, a change that would directly affect you and your tenant.

HOAs might work well for individuals who live in their homes in these neighborhoods, and a family must decide whether they want do deal with a homeowner’s association. However, HOAs often do not benefit individuals who own rental properties in these neighborhoods. These individuals do not have equity in the home they are renting, and therefore the HOA transforms from inconvenience to outright irritant.

HOA Fees that You Can Avoid by Investing in No HOA Properties

• Dues. An HOA collects monthly dues to assist with maintenance of the properties, including condos, within the association. Association members can vote to increase dues to finance rebuilding or improving community facilities and amenities. New homes without HOAs and no HOA properties, including new condos, will not require your tenants to pay these fees.
• Assessments. These are any extra bills that the homeowner’s association gives a member, in addition to normal dues payments. Assessments can pay for property-related like new roofs, sewage, and even community pool repairs. New homes without HOAs and no HOA properties,  don’t require your tenants to pay these fees to the HOA, but you will have to find a way to pay for them when these issues arise.
• Credit Bureau. HOAs report to credit bureaus. Failure to render money to the homeowner’s association as it sees fit can be just as much of a hit to your credit report as not paying your mortgage or property tax. If you invest in new homes without HOAs or no HOA properties, including new condos, you will not have this hanging over your head.
• Rules about selling the property. If you purchase a home in a neighborhood with an HOA, you are subject to that organization’s rules with respect to how and when you may sell the property. In some cases, the homeowner’s association will demand the right to approve the buyer. HOAs are legally prohibited against discriminating against potential residents on the basis of race, religion, and so on; however the homeowner’s association can devise ways to legally refuse the sale of your property to buyers of whom you personally approve. If you invest in new homes without HOAs or no HOA properties, including new condos, you will not be subject to other people’s opinions and regulations about what you may do with your own property.
• An HOA can dictate what the exterior of your house or townhome looks like—even if you own it! This can be a major deterrent for a renter, as those rules and regulations can be very vexing. If you select new homes without HOAs or no HOA properties for your townhome rental, you can save yourself and your tenant a lot of headaches.

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Types of No HOA Properties: An Overview
The key to avoiding this frustration is to invest in no HOA properties. You can find both new homes without HOAs and lovely older homes that are no HOA properties. 
What are other reasons you should invest in new homes without HOAs and other no HOA properties? An HOA can make assessments, which are subject to additional fees. A homeowner’s association can decide to replace all the roofs in a community. If the collected monthly dues do not cover the expenses, community members will be required to pay additional fees—for improvements that you might not even want, or need, to make to your property!
If you want to invest in real estate that is not subject to HOAs, you have a number of options, ranging in size. These include single family homes, condos, and townhomes. All types of property can attract good tenants, but their benefits and drawbacks differ. Each type of property is available as either a new home without HOAs or as an older no HOA property.

Types of No HOA Properties: Single Family Homes
When you think of a property that is subject to a homeowner’s association, this type of property is likely what comes to mind first. Single family homes often have a front yard as well as a backyard, and in-home amenities like laundry facilities. You, or your tenant, will be required to maintain the property. If this property is in a neighborhood with a homeowner’s association, it must be maintained according to the HOA’s guidelines, which are subject to change. However, if you rent a no HOA property, no HOA will hover over you and your tenant with unreasonable expectations and demands, your tenant will have the opportunity to customize the yard and home to his or her liking (with your permission, of course). If you want to rent to longer term clients, this freedom no HOA properties offer potential tenants would undoubtedly be very welcome.

Types of No HOA Properties: Condos
This type of real estate property is often located in a multiunit building. Condos are owned by separate individuals, but sometimes subject to the building’s management and (if it exists) the building’s homeowner’s association. Although condos are owned by individuals, common areas of the property, including as hallways, walkways, laundry rooms, and also common utilities and amenities, such as the HVAC system, and elevators, are collectively owned. Condos that are no HOA properties will not have to pay dues to that organization, but might have to pay for maintenance of commonly owned facilities in other ways.

Types of No HOA Properties: Townhomes
Everything we discussed earlier with respect to condos applies to townhomes as well. However, townhomes are often considered undesirable properties. Townhomes are not always the best investment. Townhomes are not really a condo, and they are not really a house. They occupy an interesting space between these two categories, and therefore it might be difficult to find a tenant for this sort of property. Nevertheless, it is not impossible or unheard of to find a tenant for a townhome. You just have to understand to whom you need to market the townhome, and what your expectations should be fore potential renters.
If you choose to purchase a townhome as a real estate property with the intention to rent it, you can make the property more enticing by selecting new homes without HOAs or no HOA properties.
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New Homes Without HOAs and No HOA Properties: Your Best Bet for Rental Properties
Purchasing new homes without HOAs and no HOA properties to transform into rental properties is a good strategy to have positive cash flow, find good renters, and save yourself—and your renters!—a lot of HOA-induced headaches.
A well maintained no HOA property in a great neighborhood will attract a lot of attention, and help you build your real estate empire.

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