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13 October 2024 | 6 replies
Aside from the obvious dangers, I’m seeking best practices and how experienced investors in this area handle hurricane damage?
15 October 2024 | 8 replies
We feel this doesn’t protect us from tenant damage (e.g., stolen smoke detectors, fire extinguishers) or cover costs for anything beyond normal wear and tear.
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15 October 2024 | 21 replies
In the Air Force right now
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16 October 2024 | 25 replies
AND with STRs you have no risk of evictions (which can get to be real expensive depending on the area) and most damages that guests do are covered by insurance (either through the rental platform it was booked through or sometimes the property management firm has added insurance too).As someone that build a large long term rental portfolio here in Illinois (I still have 40+ houses here) and somebody now building a portfolio in tennessee, I would definitely recommend looking at new construction in some of these str areas.
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16 October 2024 | 10 replies
Even a small claims court option might help you recover some damages later on.It’s definitely a tough situation, but focusing on getting a clear bid for the remaining work and being upfront with your lender could provide the best path forward.Wishing you the best with this—stay strong!
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17 October 2024 | 26 replies
If the investor fails to make payments, it could damage the seller’s credit, even if they've relinquished control of the property.Insurance Issues: A change in ownership might affect the property’s insurance policy.
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7 October 2024 | 3 replies
About a month ago our renter called to say that the water is leaking through the air vent from the ceiling.
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15 October 2024 | 34 replies
That's why it's in the Real Estate Agent forum (where it's just dust bunnies and air most of the time) and not in the General Real Estate Investing forum.
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8 October 2024 | 1 reply
The California Apartment Association (CAA) is urging Governor Gavin Newsom to veto AB 2684, a bill that could lead to expensive air conditioning mandates for rental properties.
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12 October 2024 | 2 replies
Similar to Realtor.com the leading real estate company Zillow announced it will disclose climate risk features such as: flood, fire, wind, heat and air quality risks.