All Forum Posts by: Sunny D.

My contractor told me to replace my 20 years ac at the end of last year, because from 2018, new law kick in. The newer system is very different, 400 psi... I don’t understand what he said. All I know is from 7 k to 11k.
If you want to save, found a contractor willing to reuse more parts.

thanks , agreed need a more cost conscious contractor. when most houses here in ca are north of 1 mill i think contractors can assume 20 k is not a lot. 10k is a lot of money.

The other quote i have for 18 seer system is 21k, cant understand what increases the cost by 10k from a single stage 14 seer system.

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cheapest quote details for 4 ton single stage system

highest quote of 29k for high efficiency multi stage unit

I had a sticker shock with the lowest quote too. any recommendations for a lower cost hvac replacement

1 Vote

Originally posted by @Terrell Garren:

@Sunny D. USLI for Umbrella policy and American Modern for individual hazard policies.

Thanks, I have reached out to USLI. 8 of my homes are out of state, hopefully they will cover them

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Originally posted by @Terrell Garren:

I use 1 LLC for asset protection and 1 umbrella policy for all rental and personal property liability protection. Umbrella policy is around $1,100 for $2M.

who is your provider for umbrella protection

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Originally posted by @Frank Chin:

My umbrella insurance encompasses my home, auto, as well as my rentals. The way it's arranged each one has liability of $500,000 and the umbrella goes on top of each one. For instance, I saw on the TV news someone driving down the street, went through a red light, and mowed down 10 people. If the driver is a real estate investor, each victim sues you for a million, they'll come after your home, then all your rentals, i.e. everything. With umbrella, it's relatively cheap for each incremental million, so if you got $3 million with 10 properties,, that'll be plenty.

any companies you recommend. the quotes so far are high like 2k for 3 mill coverage

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I am trying to figure out if i need further umbrella insurance. my insurance with nreig already has 1mm liability per property on coverage. I have 10 rental homes now.

I got quotes from nreig for additional umbrella insurance that covers all of my rentals and it was approx 1000$ per year for 1mm coverage.

Considering I already have liability of 1mm per property do I still need umbrella insurance.

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My dad has a rental in Brentwood CA and the HVAC (central heat/cooling) is falling apart. We got quotes for new system and they range from 14k to 25k for high efficiency.

We were expecting much lower, Any recommendations

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Originally posted by @Patricia McPherron:

Hi BP, wanted to get your thoughts on a situation presented to us today.

On Tuesday I approved an emergency maintenance request from management company for an a/c not working on 2nd & 3rd floors (bedroom floors). The unit has 2 a/c units for the 3 stories & basement. Because of the heat in the Midwest right now everyone’s having a/c problems & HVAC vendor can’t make it til tomorrow. The tenant told the property management company she wanted a week’s rent credit ($280, too high for #of days). Then she sent my agent a copy of the motel room receipt she booked for the night & wants us to pay for it.

What are your thoughts on this situation? She’s apparently been staying in it all week & decided the night before the repair to get a $168 room at the Marriott. What if it’s just a breaker she could have flipped?

I had exactly the same situation few years back with my tenant in folsom. made us pay for hotel stay in marriott when hvac went out . i was self managing and he was far away so agreed as he had a 2 yr kid but they remained a pain. later i decided to get a PM and got them vacated right away. no tenant issues since.

This is a sign of a bad tenant. start preparing that you may not want to renew their lease.

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Originally posted by @Dawn Brenengen:

Thanks for tagging me, @Jody Schnurrenberger

I love talking about the Raleigh market, so I'm happy to give you the run down. This is not a high cash flow market, but I do think it will be a great appreciating market. My favorite areas are close to NC State University, Holly Springs, Knightdale, E Raleigh inside the beltline, parts of Durham, and Apex, but all for different reasons.

what about downtown raleigh. is it worth speculating there esp. with amazon rumours

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Raleigh, North Carolina

All Forum Posts by: Sunny D.

Sunny D. has started 22 posts and replied 237 times.

Post: Birmingham Market by Class

Post: New HVAC cost - Brentwood CA

Post: New HVAC cost - Brentwood CA

Post: Umbrella insurance - on the fence

Post: Umbrella insurance - on the fence

Post: Umbrella insurance - on the fence

Post: Umbrella insurance - on the fence

Post: New HVAC cost - Brentwood CA

Post: Spending the night at the Marriott

Post: Raleigh-Durham investing from out of state