Here Washington State we have no limit perse, but there are strict notice.  120 days notice for an 3% increase in rent which cannot take effect before the end of the lease.  180 day notice is required if over 10% again before the end of the lease.

There are definitely downsides to each destination.Friends of ours, boat builders and lifetime sailors, actually went into the British Virgin Islands post hurricane and bought up damaged boats that they're fixing with a goal of launching their own charter company (which is a similar model to vacation rentals).

Its a great tactic, which has not been as effective over the past 24 months due to the rise in interest rates but we still have had some success with it for borrowers who had high rates already but are looking to lower payments possibly or pull additional equity. 

My grandfather has asked multiple times to replace the trailers with new trailers because of how damaged they are Hardly livable.

I've only ever had one person leave owing any money, and that was due to dog damage.

I can tell you I have been in this situation (where a landlord wanted the SSN and credit report to sue a tenant for damages), and I discussed it with the law firm that published the article.

I would greatly appreciate any advice on strategies to mitigate these issues and manage my investments more effectively.

The Annual Allowable Rent Increase effective August 1, 2024 - July 31, 2025 is based on the lesser of 4% or the change in the Consumer Price Index (CPI) for the Los Angeles-Long Beach-Anaheim metropolitan area.

Her swift yet thorough approach enabled me to secure the perfect property in record time, a feat that truly highlights her commitment and skill.If you are seeking a real estate professional who goes above and beyond, exhibits a profound understanding of property values, and can effectively manage complex negotiations, I wholeheartedly recommend Tanja Vargo.

Super expensive risks: Catastrophic damage or destruction to the unit.