Need help in your condo? Submit a Question to our experts and we'll post a Q&A on the topic.

(The full text of our"Ask the Expert" articles is available for viewing to Subscribers only.)

Q. What are the advantages/disadvantages of having a condo owner occupied v income property? (I am using the term "income property" loosely, I know at least one person in our HOA is losing $300 per month by renting it out, but she lives out of state.)

Q. Our Association consists of eight units. Three owners are currently renting out their units.  An owner in a fourth unit is moving overseas and has not sold yet so her unit will inevitably end up as rental property.   Because of this, the Board is in the process of amending our Declarations and Bylaws to include leasing restrictions but we are facing fierce opposition from the owners that no longer live in the building.

Q. I just purchased a condo in a small association. I went to change the utilities and was told we have a tax id number. I called the IRS and they can't find it.

Q.  I recently had a water loss claim due to my upstairs neighbor--her w/d overflowed causing damage to my unit.  I went through my insurance, assuming they would subrogate.  I just received notice that they will not subrogate as the upstairs neighbors were not negligent. 

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