If you care to learn about the distinctions, read these posts:https://www.biggerpockets.com/forums/517/topics/1215989-expl...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...2.

Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.

Risks include market fluctuations, property damage, tenant issues, and unexpected expenses.

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

There are probably a lot of hidden issues wiht the house.

Quote from @Joshua Kaufman: I'm having an issue with rent collection from a commercial tenant.

While QBO is probably more common, I've learned that they have had to become accustomed to a lot of different programs because their clients use so many different platforms.

Had an issue with trying to self-permit a build a few years back that was an HPR but had an "A" and "B" designation.

I have two properties where I ran into this issue.

Poor rental payment history is a common cause for non renewal.