All Forum Posts by: Account Closed

Thanks Bjorn! I noticed that you said “tenants can add cameras”. Can landlords safely as well (exterior of building)?

What strategies do landlords take when there are security and safety concerns with smaller multifamily properties? What general strategies help to increase tenant safety from break-ins while not invading their privacy? If using a property manager, is it appropriate to have a property manager install cameras (or other security systems) on your behalf or is it recommended to work directly with tenants?

- Security camera recommendations (any dos/don'ts? wired vs wireless?)

- Have you had success with floodlights?

- If you have had break-ins, do fences seem to work well as a good deterrent?

If you have a property (<4 units) that is under a personal conventional loan, but was quick deeded to a LLC (with two owners) at closing, what options are available when refinancing?

Can you refinance the loan from the personal conventional loan into a portfolio loan held under the LLC? Would the title need to go into the personal name before the refinance or how does that work?

Thanks @John Mocker - I'm a little confused, do people start with insurance under their personal name then transfer insurance to the company? Because the loan is in a personal name, I thought the mortgage companies initially required the loan to be held personally. Upon close, the title can be quick deeded to a LLC, but does that then mean that you need to modify the insurance policy?

I'm interested in learning how to best mitigate risk and purchase insurance to protect the following investment strategy:

• - Conventional loan in personal name
• - Upon closing, quick deeding title to from personal to a LLC as a partnership (you + one other person)

From my understanding, you need to have your insurance in your personal name and an have the LLC listed as a co-policy holder. Does this adequately protect the individuals in the LLC or does this pierce the corporate veil?

In general, I understand why people use conventional loans then quick deed into a partnership, but I'm struggling to figure out how liability risk plays into this. Any advice or feedback?