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…
For starters, several federal agencies actually require COA's to limit the number of units that are not owner-occupied as a condition for government-backed mortgages. Some states and local laws also place caps on this to prevent condos from being used as unregistered hotels (see eg timeshares).
As for your options? Generally, for cases like this your option would be to sell the unit or request an exemption. If you're moving far away, it's very likely that the COA will not grant the exemption, because units rented out by distant absentee landlords tend to generate the most and worst problems that COAs deal with.