Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

However, damage occurred anyway as a result of the nature of the work being performed.

I'm a contractor, I'd be self performing most of the work.I wonder when more comps will come up for the ADU values.Most people in my area build ADUs for extended family, so I don't see it happening anytime soon.

Now we're getting a bill for few thousand dollars for so called services and maintenances performed. 

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

As many of you may know, Assembly Bill 968 (AB-968) has recently been passed, which mandates a comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of buying them.For those who are not familiar with the details, AB-968 requires sellers to disclose all repairs and renovations performed on the property during their ownership period.

It’s not a performance based model unless you negotiate a bespoke contract, or have a larger portfolio. 

Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

Your decision on whether to investigate other investment prospects or reinvest in your current property can be influenced by the results of this appraisal.Hope this helps!

I have a hard time with the fee structure and low performance of DST's, but they are an option to explore into.Most sponsors require a $1mm or more to 1031 into a deal.