I am here to be a sponge and to connect with other experts in the rental property space.

Hey everyone,I'm new to the space.

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

The plan is to build a few houses a year, some rentals, some to sell.

We also have an operating agreement that states that I will be handling the daily operations and I'm basically in charge of the whole business.

Last month, while someone was cleaning out our property in the Auburn Gresham neighborhood, the place was broken into.

Always looking to meet new folks in the space.  

Reply back was that would work, we raised the interest rate slightly and I paid for the attorney fee to update the note, which was only a few hundred dollars.Just a thought!

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FlooringWe plan to install luxury vinyl planks (LVP) throughout the home for the flooring.