INDIAN RIVER COUNTY — While people
self-quarantined in the early days of the coronavirus
pandemic, some communities tried to insulate residents from
The entry way to the Sea Oaks Sales and Rental Center.
"We continue to
monitor the changes," Wayne said. The association board also
continues to get input from its members, she said.
That decision won't help investors such as Angie Bresnahan, who rents out a two-bedroom, two-bath Sea Oaks unit a week at a time.
She estimates she will lose $60,000-$70,000 this year because of the restrictions. During high season, her unit can go for about $7,500 a month, she said.
When the rental ban was enacted, Bresnahan said, she understood the reasoning. But as time passed, lost rentals became costlysince she still was paying her mortgage and monthly association fees, she said.
"Nobody can stomach seven months without rentals," Bresnahan said.
Bresnahan says she cannot understand the reason to continue the restriction. There is an open courtyard outside the units, with no shared elevators or railings that could create a COVID-19 hotspot, she said.
"We believe (the association) has overreached," Bresnahan said.
Swimming pools, the beach club, restaurants and tennis facilities all are common areas within the community, she said.
"I think we've all been challenged by this financially," Wayne said. "We've all had to make some difficult decisions."
Other communities also place restrictions on the length of stay for rentals. At The Moorings, only one of the 15 homeowner associations allows weekly rentals, said rental manager Allison McGraw. All others require a 30-day minimum stay, she said.
"Our owners prefer not to have that in-and-out," she said. Those restrictions have been in place before COVID-19, she said.