I just finished Brandon Turner's book on rental properties, and plan to continue to read more.I understand that Norada is a promoter, and prefer that given that they are agnostic in how they recommend properties.

Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.

I will soon be coming out with a podcast episode around confusion when it comes to the mortgage lane vs irs/tax code laneWhat is your concern around transferring title?

Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencing Move-in and move-out inspectionsPlacing signage on propertiesPhotos and videosProperty description copy writingScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive byMail pickupDocument delivery

These are professionals with additional training and a stricter code of ethics.

I suppose it would depend on the building code if that was offered or not, or had to be hard wired in.

What I can tell you is that I specifically got these locks because they appeared to have the most third-party app integrations, so I wouldn't be limiting my PMS options if I did move that direction in the future.For now though, I manually update the lock codes for each guest ahead of their arrival, which takes about 90 seconds in total - super quick and easy.  

If we are classified as dealers under the tax code, it seems any profit a partner takes home would be taxed at their ordinary income rate vs. capital gains tax if we were considered investors?

Additionally, try collaborating with local businesses like spas, wellness practitioners, yoga, wineries/taprooms, etc... and try some messaging with them around wanting to promote them in your blog and on your property.

Will this require the septic tank to be replaced with a larger one to meet code?