To manage these rises, you can adopt a few key strategies to control expenses and maintain profitability:Accurate Budgeting and Contingency Planning: Start by creating a detailed budget, accounting for current labor and material prices.

You can really focus on the feedback, tweak your product and I would definitely set up a system that can allow you to automate guest messaging.   

The stricter the rent control, the more it will limit supply.

And it's good that you're already thinking about systems to manage it.

Update Payment Processing•Work with tenants to transition their rent payments to your system.

Many companies when applying for a dwelling policy will run an insurance score and loss history report (CLUE report) on an individual in control of the entity even if the policy will be in the name of a business. 

Hello All - I am considering buying a rent control (RSO) condo here in West LA.

@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.

Using your tech background to build systems and processes around your business is the key to scale.When I was getting started I wanted to do it all (wholesaling, flipping, brokering, contracting) and was unsuccessful across the board. 

This will be the maximum you can handle before a lenders system will go "ineligible/decline."