@Wilson Lau makes good points about the lighter wear-and-tear with short-term tenants, as does @David S. about arbitrage being a safeguard from the California laws which are less favorable to landlords.

Here's a comprehensive guide on what property managers should do when facing such a scenario, including practical steps to take and effective communication strategies that can help alleviate the financial burden on the tenant while safeguarding the property's financial stability.Open Communication Channels:To effectively address the issue of increased expenses, it is important to initiate a constructive and open conversation with the tenant.

Property managers hold a key position in the process, as they are responsible for ensuring that property owners can maximize their returns while also safeguarding the overall financial health of their investments.

Here's a comprehensive guide on what property managers should do when facing such a scenario, including practical steps to take and effective communication strategies that can help alleviate the financial burden on the tenant while safeguarding the property's financial stability.Open Communication Channels:To effectively address the issue of increased expenses, it is important to initiate a constructive and open conversation with the tenant.

With a positive cash flow, you can feel confident that your property will continue to provide a reliable stream of income while also safeguarding against any unforeseen financial challenges.Market Demand and Trends:Stay informed and up-to-date on market trends and demand in the area to ensure that you are well-positioned to make informed investment decisions.

That said, in my personal opinion, SA is all about structuring and safeguarding the process.

I think the crucial part of what I'm saying is the research and really knowing your market as well as not forgetting about buying right, and in the right location, not jumping into just any deal, having safe guards like cash reserves, etc I am absolutely no expert and hesitate to even throw this out there.

Anticipating these needs, employing the technology (or making accommodations for it at a minimum) and building in safeguards is very important.

it is my preferred method for renovation and retail selling.repair costs are always set at retail prices to make sure the buyer is safeguarded, and does not come back to say that the repair costs were 10k more than you said.

What safe-guards do you have?