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.

I've seen the SEC come in and shut down bad operators immediately as a risk to the public when they continue to raise money like this.

I only operate 1 house I bought this year, but I'm eager to stand out in the competition.

If you’re ever looking to invest in Florida, @Josh Green has a successful STR operations going on in the Tampa Bay Area that is providing his clients with solid returns year round.

So at the moment, if you buy a property now and operate it as a 30 day rental, owners are not having any problems with the gov't.  

How do you plan to operate it?

Lee runs a first class operation.

There are more passive ways to invest in real estate than "turn-key" real estate and achieve those types of returns, but you will need vet the operators and get educated before jumping in.

I started operating the property in mid-2023.

@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family.