Short Term Rentals vs HOA
Q. I bought an investment home in Ponte Vedra only to find out the HOA prohibits short term rentals. What can I do?
A. Unfortunately you are not the first to experience this and will not be the last. Whenever you buy a home whether as an investment property or primary residence, the buyer has an obligation to verify any and all information related to the sale. This would include researching any home owner association (HOA) or zoning restrictions. This is your responsibility and should have been done before you wrote the offer. We are seeing an increase in issues with home owners wanting to allow short term rentals like Air B&B only to find out it is not permitted. I would suggest reaching out to your HOA. Hopefully you can agree on a compromise. Good luck.
Have a real estate question or need some sound advice? Call Phyllis at (904) 476-7653 or ask your question online at www.askphyllis.net. Every question will receive a response and may be chosen to appear in Saturday's Times Union newspaper.