LA is maxed out on affordability and buyers and renters are feeling the strain, can it go higher it seems so rents just keep going up like crazy but sales are slowing and prices will too.Do you want to be a long distance landlordDo you want the freedom to take cash off the table and wait for a dealKeep us posted

Did lending standards tighten?

When hard times come, luxury tenants are likely to tighten their belts and move to lower cost properties.

Example, we stopped buying barstools that have nuts and bolts to tighten and switched to a single piece metal design.

It cost hundreds in fees (multiple properties) and had we paid the bills we would have risked overpaying by thousands which would have put a strain on the cash flow since the overpayment would have been held by the government and applied to future bills six months from now.

There were some changes within the last year which really tightened the process and made a lot of the traditional wholesaling subject to heavy fines.

I guess I just picked a bad tenant and should tighten my screening criteria for next time.

Recent college grads are the worst.One of them always wants to leave, and without fail, that puts a financial strain on the remaining roommates. 

He needed the pipes under the bathroom sink tightened up.

Bend a hook into one end and put it under the middle screw on the plastic terminal strip, along with the wire from the cord, and tighten the screw.