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1 November 2024 | 10 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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3 November 2024 | 8 replies
.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
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2 November 2024 | 0 replies
How would I transfer home insurance and property taxes without alarming lender on subto?
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7 November 2024 | 22 replies
Your first concerns should be your operating procedures and insurance.
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1 November 2024 | 17 replies
Ones located in Greensboro Nc and the other is located in reidsville Nc the fees I see on this soft quote are: origination fee, underwriting/processing fee, 3rd party closing costs, 6 month tax impound, 6 month insurance impound, looks like 11-12k in fees alone.
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1 November 2024 | 8 replies
If you want to proceed, please gather these few documents, and email them over to me.Photo ID: Please provide a clear copy of your valid photo identification.Proof of Social Security Number: Documentation confirming your Social Security Number.Homeowner Insurance Declaration Page: Is the cover letter with your policy number and coverage amounts.
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31 October 2024 | 17 replies
File him to the insurance board of TN?
5 November 2024 | 14 replies
I'm also asking for contractor, CPA, insurance, and legal references from the property managers and will speak with / cross-reference them before going forward with one.
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31 October 2024 | 5 replies
If so, I would love to inquire who you're using for your mixed-use insurance?
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31 October 2024 | 12 replies
Umbrella Insurance: Yes, having umbrella insurance is a good idea.