To be compliant with SB1482, you will need to negotiate with the tenant to remove the storage unit from the lease.

The attorney can also then assist you with creating the following compliant with all federal, state and local laws:1) Rental Application2) Lease & Pet Addendum3) Renewal documents4) Nonpayment Warning Letters5) Eviction Letters & Notices6) Legal Entry Notices7) Security Deposit & Release of Liability Letters8) Vendor Contracts with insurance and other requirements9) MoveIn & MoveOut Procedures to Share with Tenants10) Etc.Hope this helps!

Keeping an LLC compliant so not to allow “piercing” of the entity is 90% easier than with a corporation.  

A good GC will save you time, ensure efficient and code-compliant completion, and protect against potential cost overruns and delays.

Example - if a renter were to mail us a check, can I just give them the PO box rather than have them send it to the property address only to be forwarded to the PO box (again, only checking to make sure we stay compliant).

All logic tells us that either the SEC or CFTC will govern those trades and ALL will have to be compliant with the regulations of either agency. 

The reason you get it is not to cover guest damages but to keep your property compliant and covered.

Are HOAs legally binding entities that can involve building code enforcers or inspectors in issuing summonses to non-compliant neighbors?"

Of course if you choose to go down this road be sure to choose a company that will be there to bounce investment ideas off of to insure they're compliant. 

@Brian KemplerWell if you do not send a borrower CFPB compliant statements and they do not pay you are not allowed to collect interest, late fees etc…That’s kind of a big deal, atleast for me it is.