Hi, Republic Services has a lien on my rental property for unpaid trash bills.

I have a great quote from First Republic but it is recourse.

Most targeted STR by Govt is for lease less than 30 days, unless you’re talking the People’s Republic of California, or NYC.As for your strategy and risk, well you’ll do well as long as (1) you can hold on during economic downturns, IF the downturns affect the location you invest in; property values continue to go up over the long term, on YOUR investment; major repairs don’t pop up and you’re able to juggle it all with a rather small cash reserve.The way I mitigated the risk of having a small cash reserve, 40 years ago when I started out, was I applied for and obtained significant lines of credit I could draw on if needed.

The Arizona Republic recently covered ASU's economic forecast for the state.These Cliff Notes (below) support what I've shared when speaking to investor groups outside of Arizona:Arizona's economy is strong and growth will continue, but at a slower rateOur population will grow by about 300 people a day (110,000 during the year)Our economy is diverse and no longer dependent on 1 or 2 industriesUnemployment remains lowHere is an excerpt from the Arizona Republic article, written by Rachel Leingang:"Arizona's economy is still growing, but growth likely will be slower in 2020 than in the previous two years, an annual economic forecast from Arizona State University predicted Wednesday.Arizona likely will continue attracting new residents at one of the highest rates in the country next year, though that could be a smaller total number amount than in 2018 and 2019.And the state should remain among the leading growth states in the country, according to the forecast by Lee McPheters, an economics professor at ASU and director of the JPMorgan Chase Economic Outlook Center.Many signs are positive for Arizona: Unemployment remains low.

Maybe we can argue about the consequences of these action on real estate world, and the appropriate response without catastrophizing the end of the republic? 

Don't expect metro Phoenix housing market crash due to COVID-19That's the headline in this morning's Arizona Republic from real estate reporter Catherine Reagor.As she says, "Metro Phoenix fares better in economic downturns not led by the real estate market, but that doesn’t mean the Valley’s housing market will be unscathed by the COVID-19 crisis. 

We can be just like the Weimar Republic.  

You can check Fremont bank and first republic bank.

Each unit has its own individual trash & recycling bins & we all have the same pick up dates (no different than SFH), so I’m not sure why each owner doesn’t have their own account set up with Republic Services (like SFH homeowners).

Uriah, check with Randy Waller at New Republic.