All Forum Posts by: Brian S.

@Frank Chin great information! Thanks for sharing.

@Richard Jahnle if you get a certified electrician to inspect and write a letter saying the wiring is in good order there are insurance companies that will write coverage however they usually require that the wiring and electric box be updated in 45 days, 90 days, or up to 1 year. The insurer may limit coverage to just “fire” or “basic” peril coverage. Due to the unsafe nature of knob and tube wiring I suggest you get it addressed right away. I mitigate/eliminate all knob and tube in my rentals because I don’t want the liability exposure.

@Matt K. Thanks Matt. Could give give further details on the addendum (I don’t understand fully)?

@Jill F. Thanks Jill! I am posting a notice to quit on the property tomorrow.

@Max T. Thank you! I did collect a security deposit and I think she is trying to use that as this months rent. Can I use that security deposit?

I have a tenant that is 6 months into the lease and she told me on the 1st that she is moving at the end of the month. She is late with this months rent. Do I go thru the process of getting a judgement against her or just move on? It’s November and I really don’t want to have the house vacant for 2 or 3 months over the winter.

@Jess White more info would be needed but $400-$600 per year is a fair range.

@Doug Owens I may be able to help you.

@Danielle McClelland I started last year at 46... 1 year later I own 4 Single family homes and I close on my 5th this month. I wish I had started investing in real estate 20 years ago but it’s never too late! Create a plan of action and then jump in and Get in the Game! Good luck! 👊🏽🙏🏽

@Martin Zavala There are several companies that will allow you to place up to 10-15 properties on a single policy. Let me know if I can be of assistance.