Owning a property or a community association is a great investment. The best part is that it comes with a huge variety of tax deductions, so that much of what the landlord spends on the property can be recouped. Check out these five popular tax deductions for landlords.
Interest related to the property is one of the largest tax deductions for HOA landlords. Not only can they Continue reading
HOAs have been around for a long time, and for good reason. They help create a pleasant and safe place to live. The history of homeowners associations starts in the mid-nineteenth century and continues to grow and expand today.
Nineteenth Century Idea
The nineteenth century was an exciting time for the United States. Thanks to the industrial revolution, the nation was shifting from an agricultural society to an industrial society. As a result, people began swarming to the cities to find work, but with so many people, the cities became dirty and noisy, which created an undesirable place in which to live. Continue reading
When most people hear the term HOA, they assume it’s mandatory. However, there are some neighborhoods with voluntary community associations, which offer a little more leeway. But, even these voluntary community associations come with their own pros and cons.
What Is a Mandatory HOA
A mandatory HOA is one that is just that: mandatory. If a resident purchases a house or condo within the neighborhood, they are required to join the HOA and follow all the guidelines set forth in the governing documents. Continue reading