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7 October 2024 | 35 replies
To top it off their contractor used a saw to remove their lockbox and cut into my front door badly damaging it in several places, and they will not address that either.
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3 October 2024 | 11 replies
I hope he doesn't try to damage anything if I give him a notice of eviction.
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4 October 2024 | 10 replies
Ultimately, late rent/no rent payments or damage to the property can be extremely costly.
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2 October 2024 | 8 replies
When you are making money it's gonna be good money, but your gonna hit be stretches of loss, Damage, Evictions etc...
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30 September 2024 | 4 replies
You can find some with barely any damage and at a great savings.
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4 October 2024 | 17 replies
Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.
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3 October 2024 | 14 replies
It's helpful to work with a reputable team.
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3 October 2024 | 0 replies
For now, just know we had a few years of much higher than normal inflation and it caused permanent damage in the form of higher input prices to build a home.RegulationsThe second cost of a home is regulatory policy.
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1 October 2024 | 12 replies
I had to fix damages and clean extensively after she left.
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1 October 2024 | 9 replies
However (I'm an insurance agent not an attorney) the legal wrangling of the PM not taking a necessary action could set up a situation where the insurance carrier pays then subrogates back against the PM company for their inaction so the property manager should also have appropriate general liability coverage for their business.This next part can change by state and insurance carrier...Being named as lienholder or mortgagee can set up the lender being involved on the payout of any damages - say there is a fire the checks cut for damage could name the insured and lender so both parties have to agree how those funds will be used.Some carriers have a rule that if the loss amount is under a certain dollar amount the check is only cut in the owners name / if the loss exceeds a threshold (say $25k) the check is cut in both the owner and mortgagee names.Being named as loss payee is literally that - the check is cut in your name or both the insured and your name.