The Home Owners Association in Natomas has voted to revoke club access to future tenants effective Decermber 8, 2008. One of the most beneficial aspects of owning a rental in Natomas Park has been the access to the community's club house, gym and pools. Without much notice, the HOA has determined that all future tenants are prohibited from utilizing the club privileges. All existing residents enjoying access to the club privileges will see their rights revoked once their leases expire. As I make my living working with investment property in Natomas I am taking the initiative to reverse this decision. How fair is it to investment owners in a down economy to further depress their investment with this decision? Rents will definitely suffer with the revocation of the right to enjoy club access. Why should investment owners pay the same monthly HOA dues as owners who occupy their homes when the right to use the club is not an option? If we cannot band together to right this wrong perhaps we can at least amend the bylaws to reduce the premiums of those who cannot utilize the club privileges. I would appreciate feedback from anyone who can assist me with this effort.
James Safonov
Homepointe Property Management
Comments(1)