Condo Rental Restrictions: How to Limit Rentals to Keep Your Condo Value Up

January 24th, 2016 Categories: Random Thoughts

Are renters taking over your condo building? If more than 50% of units are home to renters, your property value takes a hit because FHA won’t finance loans to buyers for your condo or refinance your existing loan. Plus, would-be buyers typically seek out condos in buildings that are majority owner-occupied based on the perception that owners are quieter and more stable than renters. Read the rest of this entry »

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