All Forum Posts by: Mei Li

@Stetson Miller thanks a lot Stetson for the information!

My friend owns a rental property in Fort Myers, Florida while residing out of state and I’m helping him to rent it out. I’m experienced in listing properties for rental and screening tenants. The only problem is I’m not located in Florida to do house showings in person.

I’m wondering what do most of the out-of-state investor do in this situation? Hiring a property manager/realtor is an overkill since we are only looking for help to open doors.

@Benjamin Aaker Thank you Benjamin for your suggestion! I will reach out to my insurer.

I’m currently closing on a deal in Maryland. The seller remodeled the unit and added a bathroom. My offer contract has a contingency clause that the seller has to obtain the bathroom permit before closing. After government’s inspection, seller realized that he used a plumber outside of the city while it is mandated that he has to use a plumber licensed in the city. He is looking for local plumber to sign off the work.

My question is what are the risk involved in buying a property like that - will I come across insurance issue? Legal issue? What are the hidden liability that I need to watch out for?

Thank you!