BLOG

Rent or Sell: 4 Things You Should Know Before Renting Your Condo

Posted on by 1710-magdielipropertymanagement

Rent or Sell: 4 Things You Should Know Before Renting Your Condo

The current 2015 condo market in DC is up, and being driven by lifestyle choice and affordability. Buyers and renters on the market are embracing condominiums for their lower maintenance requirements and their accessible locations, which are within easy walking distance to restaurants, shops, public transportation and the nightlife.

Having such a great condo market has led many condo owners to consider renting their condo out when they decide to move, instead of selling. Condo owners who are locked into great long-term rates with the prospect of appreciating values in the years to come, are considering the strong rental market as a great opportunity. However, when dealing with a condo and a condo-board, there are several unique aspects that should be considered beforehand.

  1. Condo Bi-Laws

Regardless of whether you own or rent your condo, you are still bound to follow the condo laws. In order for owners to be able to buy and sell through FHA guidelines, many condos require an owner occupancy rate of 75%. If you’re building already has a 75% owner occupancy rate, you may not be able to rent your condo out. Many condo buildings also have requirements that stipulate maximum rental times, minimum lease lengths, as well as a ton of other regulations that could limit your ability to rent your condo. The condo bi-laws could even have a regulation that prohibits owners from renting out their condo at all.

  1. Exceptions

When it comes to renting out your condo, there are some exceptions in the condo bi-laws and rental jurisdictions. For example, for those experiencing documented financial hardship, there may be an exception condo bi-laws that prohibit renting. There are also exceptions made for military personnel, other hardships and certain service responsibilities.

  1. Rental Desirability & Condo Bi-Laws

Some condo bi-laws can limit how attractive a condo rental is to the potential renter. In addition to the condo bi-laws, condo rules and regulations may have an effect on a tenant’s ability to have pets, satellite dishes and other amenities. As a potential condo landlord, you must also make potential renters aware of these stipulations beforehand.

  1. Condo Rental Manager

After having made the decision to rent-out your condo, the next decision that you must make is figuring out who should manage the condo in your absence. Often, a large building will have an in-house team on-site who offers owners a discount for management services. It is also important to remember that the condo building and board are present to represent the owners. However, there are some instances where there may be unique issues and an advocate is needed to represent your tenant and unit if there are differences with building management, which is where having an independent property manager can be beneficial. 

Making the decision to sell or rent your condo should not be taken lightly. The best course is to ensure that you are aware of the stipulations that come with renting or selling a condo, and making the decision that best suits your needs.

 

277 thoughts on “Rent or Sell: 4 Things You Should Know Before Renting Your Condo”

  1. 1xBet является одной из самых популярных на рынке. рабочее зеркало 1xbet на сегодня прямо сейчас Огромный выбор событий из мира спорта и киберспорта, множество открытых линий, самые высокие коэффициенты. Кроме того, БК имеет обширный функционал и немногие дает возможность совершать ставки по уникальным промокодам. Используя промокоды, вы можете получить настоящие деньги, не внося абсолютно никаких средств. Это реально! Узнать последний промокод вы можете прямо сейчас, однако использовать его необходимо в соответствии с правилами и инструкциями, которые приведены ниже.

  2. Hi there! This post could not be written any better! Reading this post reminds me of my old room mate! He always kept chatting about this. I will forward this write-up to him. Fairly certain he will have a good read. Thank you for sharing!

  3. I?¦ve been exploring for a little for any high-quality articles or blog posts in this kind of space . Exploring in Yahoo I finally stumbled upon this website. Reading this information So i?¦m glad to convey that I have a very good uncanny feeling I came upon exactly what I needed. I so much definitely will make sure to don?¦t fail to remember this website and give it a look on a constant basis.

  4. Oh my goodness! a tremendous article dude. Thank you However I am experiencing concern with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting an identical rss downside? Anybody who is aware of kindly respond. Thnkx

  5. Pingback: cheap tadalafil no prescription

  6. I have not checked in here for a while as I thought it was getting boring, but the last few posts are great quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂

  7. Pingback: writing essay service
  8. Pingback: which essay writing service is the best
  10. Pingback: help write essay for me
  11. Pingback: cheap essay writers
  12. Pingback: argument essay help
  13. Pingback: help writing essays for college
  14. Pingback: essay writing services usa
  15. Pingback: the help essay questions
  16. Pingback: essay proofreading services
  17. Pingback: cheap law essay writing service
  18. Pingback: custom essay service
  19. Pingback: help writing essays for scholarships
  20. Pingback: best writing service
  21. Pingback: top 10 essay writers
  22. Pingback: tramadol mexican pharmacy
  23. Pingback: walgreen pharmacy store locator
  24. Pingback: pro cialis pharmacy
  25. Pingback: viagra us pharmacy online

  26. Hi, Neat post. There is a problem with your web site in internet explorer, would test this… IE still is the market leader and a big portion of people will miss your magnificent writing due to this problem.

  27. Pingback: tramadol us pharmacy review
  28. Pingback: cialis uk no prescription
  29. Pingback: sildenafil 100mg tablets for sale
  30. Pingback: prasco tadalafil
  31. Pingback: what happens if a woman takes cialis
  32. Pingback: canadian online pharmacy viagra
  33. Pingback: how much is generic sildenafil
  34. Pingback: how to buy viagra online safely in india
  35. Pingback: generic viagra india price
  36. Pingback: how much is cialis without insurance
  37. Pingback: buy female viagra pills in india online
  38. Pingback: is cialis a controlled substance
  39. Pingback: when will cialis become generic
  40. Pingback: buying cialis online safely
  42. Pingback: target pharmacy lipitor price
  44. Pingback: mexican online pharmacy
  45. Pingback: sildenafil discount coupon
  46. Pingback: sublingual cialis
  47. Pingback: buy sildenafil citrate online
  48. Pingback: cialis 5mg price
  49. Pingback: ativan pharmacy
  50. Pingback: texas meds tadalafil
  51. Pingback: prescription viagra cost
  58. Pingback: where to buy sildenafil 20mg
  60. Pingback: sildenafil generic otc
  61. Pingback: buy generic viagra from india
  62. Pingback: order sildenafil online usa
  63. Pingback: sildenafil 100 mg generic price
  64. Pingback: new york cialis
  65. Pingback: cialis 5mg no prescription
  66. Pingback: where to buy generic cialis
  67. Pingback: tadalafil discounts
  71. Pingback: flagyl claritin
  72. Pingback: gabapentin bradycardia
  75. Pingback: exemestane tamoxifen
  76. Pingback: pregabalin 75mg capsules pil
  77. Pingback: metformin hyperglycemia
  78. Pingback: lasix.drugs.com
  79. Pingback: cutting lisinopril
  84. Pingback: ozempic to rybelsus conversion
  85. Pingback: semaglutide tablets for weight loss

  94. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  95. Pingback: going off lexapro
  96. Pingback: zoloft fibromyalgia

  97. Hello There. I found your blog using msn. This is an extremely well written article. I will make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll definitely return.

  98. Pingback: flagyl parasites
  99. Pingback: is fluoxetine addictive
  100. Pingback: enhance gabapentin
  101. Pingback: side effects of stopping duloxetine cold turkey
  102. Pingback: keflex for kidney infection

  103. This is really interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your excellent post. Also, I’ve shared your website in my social networks!

  104. Pingback: can you take bactrim and cephalexin together
  105. Pingback: amoxicillin 400mg/5ml suspension dosage for adults
  129. Pingback: cephalexin interactions with alcohol
  131. Pingback: nitrofurantoin vs bactrim
  180. Pingback: amitriptyline pregnancy category
  193. Pingback: celecoxib package insert

  217. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three emails with the same comment. Is there any way you can remove people from that service? Thanks a lot!

  218. I just couldn’t depart your web site prior to suggesting that I actually enjoyed the standard info a person provide for your visitors? Is going to be back often to check up on new posts

  221. It’s truly a nice and useful piece of information. I’m satisfied that you simply shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.

  246. I have been surfing online more than 3 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the internet will be much more useful than ever before.

  253. I just wanted to jot down a simple remark so as to say thanks to you for the superb suggestions you are giving at this website. My time intensive internet look up has at the end of the day been compensated with beneficial details to write about with my two friends. I would state that that we readers are unquestionably fortunate to dwell in a remarkable community with very many awesome people with helpful guidelines. I feel really grateful to have encountered your website page and look forward to tons of more pleasurable minutes reading here. Thanks a lot once more for everything.

  269. I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to create such a magnificent informative website.

  271. I am really loving the theme/design of your site. Do you ever run into any web browser compatibility issues? A small number of my blog audience have complained about my website not operating correctly in Explorer but looks great in Firefox. Do you have any advice to help fix this issue?

Leave a Reply

Your email address will not be published. Required fields are marked *