Hey @Thanh Lu, so if you only have a couple of units, then self management isn't that hard.The key to doing it right is setting it up properly and keeping up on maintenance.I can count the number of late night calls from guests on one hand.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

So far, I haven't had any issues renting my unit.

There are not many ADU comps in my SoCal area YET.

Also if this property is on septic that also can throw a wrench into the ability to call a space "a bedroom" as septic systems are sized and permitted based on the bedrooms.

Next time give them a call or email/text to let them know the notice was mailed and what it contains. 

If they called you first, would you have made a different decision?

NOTE: we agree with charging for their time, but not the lack of disclosure.4) Some PMC's also get kickbacks from contractors, so the price you see on the contractor invoice sent to you, is really not the true price.

Would that be, for example, if the PM says, "I manage a duplex for John Smith in Turlock," then I call John as a reference, ask John a few questions, and then ask John the address of his duplex so I can later look it up on the county website and verify if he is the owner?

Net operating income after renovation divided by (purchase price plus cost to renovate) equals cap rate - let’s call it yield on cost.