All Forum Posts by: Paula M.

Hello!,

Looking for Commercial and Gen liability insurer recommendations for rental portfolio in Central OK

Thank you!

Paula

Thanks!

Hello all,

This is for anyone using Cozy for rent collections. Any issues if tenant partial pays? Can't you just return it or does acceptance in your bank qualify as satisfaction for rent owed.

Thanks in advance,

Paula

Does the law speak to more than one support animal? In other words, does each animal need documentation?

Thanks in advance,

Paula

@David Walkotten, that's what I was looking for. A % rate to apply. 

Thanks so much!

@John Mocker, thanks for your reply. All properties are currently insured individually at RC. I like your suggestion to receive quotes on both ACV and RC for the one commercial policy. 

Paula

@David Walkotten, thank you for your reply. I'm up for more risk, but unsure how to calculate the insured amount (less than replacement). Do I apply some % to the replacement value, based on my comfort level?

Regarding depreciation, this would apply to the structure itself? In the event of total loss, insured amount would be adjusted for the depreciable base?

Thanks again,

P

Hello,

We are considering a commercial policy for our properties (only 10 SFHs). New to this process and need help understanding the valuation amounts. Agent says I don't have to insure for replacement cost if I don't wish to. Is this wise? If this is an established practice, then how do I derive a valuation figure? How much invested or mortgaged? Any clarity on subject would be greatly appreciated.

Thanks in advance,

Paula

Didn't specify in contract. How do I report sale on taxes?

If I sell two properties for one sales price how do I split?