Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Russell Brazil

Russell Brazil has started 176 posts and replied 16759 times.

Post: Great Potential Applicants with Pitbull ESA

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Dan H.:
Quote from @Russell Brazil:

It's not an undue financial burden because there are plenty of insurance providers that will insure this at no additional cost.


 A year ago I had to change insurance carriers because of a change of policy by my carrier.   My insurance more than doubled. 

Most of us have insurance with the cheapest option and any change of carrier would result in a premium increase.  Add to this the risk of now having a new insurance carrier if a substantial claim has to be made and the consequences versus making the claim against a long time insurance carrier.  

I suspect in many cases a change of insurance carrier will result in higher costs and additional risk. 

I would deny the tenant based on the increased cost criteria.   I would invite the tenant to get the insurance carrier to change their policy. The prospective tenant will not succeed.  I would not change carriers to accommodate an ESA that my insurance does not allow.   

If they need an ESA, no one forced them to get an aggressive breed.  The issue is tenant caused.   They will need to find a LL where the ESA does not result in increased costs. In other words they will need to deal with the issue that their choice of ESA caused.


 Local governments have been sued and lost based on trying to restrict putbull breeds for service animals and esas. If a city or county can't even defend themselves in a lawsuit with huge amounts of money to use to defend themselves for this, that passed laws banning the breeds....the reality is a landlord stands zero chance in defending themselves on this.

Regulatory fines are a guilty til proven innocent fine as well. So they're out $16k on the fair housing fine, then need to pay to try to get that overturned, of which theyll end up losing. Just to try to make a point.

Post: Great Potential Applicants with Pitbull ESA

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385

It's not an undue financial burden because there are plenty of insurance providers that will insure this at no additional cost.

Post: PA Lease – BiggerPockets Template vs. PAR Lease?

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Benjamin Hoffman:

Hey all,

I'm a landlord in Pennsylvania and I downloaded the PA-specific lease template from BiggerPockets. I'm wondering—is that sufficient for a standard one-year lease, or would it be better (or safer) to just make an account with the Pennsylvania Association of Realtors (PAR) and use their most updated lease?

I'm not planning to have an attorney review it, so just curious which route is more trusted among PA landlords. Also, if anyone has the updated PAR lease and would be willing to share it, I'd be super grateful.

Thanks!


 Well you cant just make an account with PAR and download their lease. Their lease is licensed for use to their members. You would need to hire a PAR Realtor in order to use their lease.

Post: The Bigger Pockets Mount Rushmore

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @James Wise:

Behold....The Bigger Pockets Mount Rushmore. A mountain of men so awesome at real estate that there are 5 heads instead of 4. These 5 men have amassed a stockpile of votes big enough to fill the hole left in your heart after your Dad never came back after saying he was going to the store to get some cigarettes. 

These 5 men are tough as nails. 

These 5 men season their steak with pepper spray.

These 5 men put hot sauce on their cereal. 

When Elon Musk gets to Mars, one of these 5 men will make him fill out a rental application.

When these 5 men enter a room, they do not turn on the lights, they turn off the dark.

These are the 5 men whom the monster under your bed has nightmares about.

@Jay Hinrichs @Nathan Gesner @Russell Brazil @james wise @joe villeneuve 

___

It's silly to ask, but if you've got a Bigger Pockets Mount Rushmore that differs from the one seen here with the 5 G.O.A.T's....Who's on it?


 I remember way back in time when I use to be #2 before Nate Dog passed me.

This is of course such a great honor to be listed in such an esteemed group of men and a smurf.

Post: New member from Maryland

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Francine Keuke:

Hello – My name is Francine . I live in the greater Washington DC area. I am new to real estate investing and looking to connect with any local investor.

Thank you

Welcome to BP. Lots of DC area members on here

Post: Should I Use the Listing Agent or Get My Own?

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385

You should get your own agent.

Post: Clayton Morris still free

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Herbert Whalen:

I am Bert Waylon. It’s been five years of Probation now 3 1/2 years of prison and 3 1/2 half years of halfway house and more Probation why God’s name has nobody gone after this guy.


 Kind of weird you spelled your own name wrong.

Post: Question for residential real estate professionals about prohibited buyers

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Collin Hays:

A house next door to my principal residence is for sale. However, there is a disclaimer in the listing that says "no XYZ Bank (a large local bank here) employee or family of an employee is allowed to purchase this property."

Why would that prohibition be in the listing?



 It's a foreclosure owned by that bank

Post: Who do I contact for questions about applying for a rental license?

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Sam Bhattacharya:

I am a landlord in Maryland.  I have learned that I need to apply for a rental license.  However, I have questions about the application process and need more guidance.

Who is the best person to contact about this?


 Contact your county or city government 

Post: Long Term Rental in DC

Russell Brazil
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,581
  • Votes 30,385
Quote from @Sergio María Cabanillas:

Investors in Washington, D.C. I’m looking to invest in Washington, D.C. Any advice you can give me? I’ve noticed that, given the high housing prices, to achieve a decent monthly cash flow, you need to pay more than 20% down. Thank you


 It takes about 40% down to break even currently.