I lived a few doors down to someone who basically ran an ad hoc AirBnB ... before Airbnb. It was pretty terrible. Parties all the time, trash, they parked anywhere (in other people's driveways...) because there were likely no long term consequences for doing so, the folks staying there didn't care because why should they? I was on the association board, it's kinda thankless job as we had to deal with this house. We g…
> , we had a limit on how many units could rent out at once anyway so they never were going to have enough numbers What does this mean? If I owned a house in your neighborhood and had to move away for work, my options are to sell the house, or get on a waitlist till the number of houses rented out reduces? As someone that's never owned a house, that sounds like a shitty rule that should be disrupted. I'm assuming the…
So, yes, there is a positive side. Most people have lived in places with absentee landlords. Many people don't want a preponderance of absentee landlord properties in a place where there is such direct impact from doing so; the thinking goes that if you rent out a house across the street from me, they might be annoying, but if you rent out a condo unit above mine, your tenants might flood my apartment because they didn't tell you the toilet had problems. Important difference.
If you don't like that, don't buy into a condo association that does it. It is extremely rare for a rental-limit rule to be put in place these days, so in practice you should know going in whether those rules are in place. If by some chance you live in the one in a thousand that does try to put those rules in place today, sell and move on.