We have basically switch some of our properties from short term Airbnb’s to mid term rentals.Currently looking to buy the next property to help accommodate some of the requests we are getting.Anyone else getting these type of requests for mid term stays?

If you think of your $80K like a game of chess, your money is your king—it’s valuable and needs to be protected.

If you’d been holding around $620K from a 2019 sale and directed it toward a few properties like that.. especially if you leveraged financing.. you might’ve grown your portfolio’s total value well beyond what many Los Angeles holdings would have delivered over the same period.Then again, L.A. still has that unique mix of robust demand and limited supply.. from what I’ve heard, you can see impressive long-term gains there if you’re comfortble navigating tenant protections.

The only person getting rich was my loan broker.Then, I dropped my broker and switched to dealing directly with Chase Bank.

Get an attorney ASAP, not just to protect your own interests but to get ahead of others in the same boat who may be considering the same thing.

The bank could sell these houses so much easier if they protected them just slightly. 

This owner found a free lease template online that provided very little landlord protections. 

Generally speaking solid insurance and a good umbrella policy will provide ample financial protection for most liabilities.

The big one to read up on is the NYS Housing Stability and Tenant Protection Act of 2019. 

Hi Dyanne,What’s your plan to protect your wealth when the market takes a turn?