Real Estate Investing Glossary
HOA
A homeowners association, or HOA, is an organization that manages a community and sets rules for its homes, usually funded by dues paid by owners.
A homeowners association, or HOA, is an organization that manages a community and sets rules for its homes, usually funded by dues paid by owners.
Why it matters to a Las Vegas investor
Many Las Vegas communities have HOAs, and their dues, rules and restrictions affect what a rental costs and what you can do with it. Review the rules before you buy, especially anything about leasing.
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Related terms
Questions about HOA
Can an HOA limit renting?
Some associations set rules on leasing, so read the governing documents before buying.
Are HOA dues an expense of the rental?
Yes. They reduce cash flow like other operating costs.