Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

DEAR BOB: I live in a nice condo homeowner's association of 230 units. Recently, some of the owners have begun renting their condos. The quality of the renters is "mixed." Most are very nice. Others are rowdy. As a result, the homeowner's association has begun a discussion about restricting rentals. We have information from several nearby condo complexes that restrict rentals. So far, only about 20 of our condos are rentals. Do you think we should take action? – Ray T. DEAR RAY: Yes. Ironically, the condo homeowner's association where I own a unit is having a similar discussion about restricting the number of rental units and the conditions for approving such rentals. Purchase Bob Bruss reports online. The big problem occurs when there are too many rentals in a condo complex. The ...