We're comfortable with that though as we want assurances that their financials are healthy.

I’ll try to keep this as short as possible I have a pretty good tenant staying at my guest house month to month.  

I always go in with a simple offer of this is the rent, and we are also comfortable giving you a (insert something you need to do anyways like a basic, white paint job or a new appliance).This is one of the most uncomfortable parts of the business though, and the quicker you get over being able to have these conversations, the quicker you will be successful in this business.

Do you want to stay in California or is there another city you are considering.

I see firsthand how crucial it is for owners to stay vigilant and informed about how their rent is calculated—both during initial lease-ups and at the time of rent increases.I can’t believe this is happening, but I’m here to ensure you receive the rent you truly deserve. 

I'd say stay away from those groups. 

This enables you to get your feet wet while seeing how the experience goes and once you get that settled in and you're comfortable with your processes then I'd start branching out into other investments whether it be local to you or out of state. 

Stay tuned.  

If you want to be conservative, stay around 50%-60% LTV, especially if your cost of debt is lower than your cap rate, as this will lever your ROE.

The pull bar and tapping block were needed to get them to fully lock, but once locked they seem to stay.