All Forum Posts by: Albert L.

That's strange. I double checked the insurance documents and I am the insured, not additional insured. I'll double check with the umbrella. Perhaps they got it wrong

It seems like my policies with Real Protect on rentals with 1 million liability, the policy is under the name of Real Protect and I'm an additional insured. For this reason, I'm having trouble finding additional umbrella liability coverage...

Question 1 is what's the risk of being additional insured rather than the policy in my name?

Anyone know of any umbrella policy that would cover me?

Thanks!

What do you guys think about the long term potential of the more eastern areas of the IE? The Riverside, Moreno Valley, Redlands, Loma Linda, Perris, Hemet, Banning area? There's quite a significant population growth, due to those escaping OC/LA prices and I see articles project the Riverside-San Bernardino-Ontario to be 10th largest MSA by 2046.  Do you guys think eastern IE could be what Rancho Cucamonga was in the 80s? As land becomes more scarce and urban sprawl causes more development in the semi plentiful east IE area?

I notice in the Moreno Valley area, there's quite a bunch of new developments and non-chain eateries slowly popping up. Downtown Riverside also has some intriguing projects like the Food Lab (similar to Anaheim Packing House).

Just wanted a casual discussion. 

Hello,

There's a property on Park Lane, Fultondale 35068 that I may be putting under contract soon. All my research indicates 35068 is a A-/B+ area, but this street lies on the border on Tarrant, which is a C area and based on proximity, it may even be zoned for Tarrant middle school/high. I'm not familar with the micro of the city so wanted to get a second opinion. 

Thanks!

How much over appraisal is purchase price?

I've found their communication to be excellent and prompt throughout the whole purchasing process and thereafter. They do have like over a thousand clients so I'm sure once in a while, something slips underneath the cracks which is understandable. 

I'm in the same boat. BH seems like a great cashflow market to invest since it seems B properties are abundant for ~100k coupled with low tax, and reputable providers there. However, my concern is vacancy. I've dug through the forums and noticed a few people over the years comment that they've had longer vacancies (months). However, there may be other factors that's not accounted for so I'm not sure what to make of it. Others have commented on being leased before escrow closed too so...

In my very limited experience, they seem to be about more or less +1% over the owner occupied rates. I'm seeing about 3.75% so a rental would be ~4.75% assuming good credit and such. 

Thanks for the helpful insight everyone!

I know on their FAQ, they say they update the major capex items (roof, hvac, etc), but is there a guideline they use? I.e, less than 5 years life, replace or etc? My main concern is having to replace those costly items within the first few years of ownership.

Also, I notice on their pictures, they have carpet in some living rooms. For those that experienced a turnover, did you have to replace the carpet? 

My last hesitance is 12 month lease being standard as turnovers are cash flow killers, and I would much prefer a 18-24 month lease. I only see a very select few TK providers do this though. What do you guys think?

Thanks!