
1 October 2024 | 12 replies
Routing the revenue to the LLC will just cause it to route through the LLC back to you if this is a single member LLC.

3 October 2024 | 17 replies
Hi Stephen,Sorry for your troubles but it seems like the provider came through in the end which is nice to see.And promising to cover rent for the delays caused shows character also.Being a turnkey provider myself since 2014, I can attest to that unfortunately many things sometimes aren't in our control.Especially when it comes to the citiy, contractors and pulling permits, etc...Our traditional promise is that the property will take 90 days to rehab and tenant.Have we gone over 90 days?

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...

1 October 2024 | 9 replies
Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

1 October 2024 | 2 replies
Lurid story, but boils down to a basic eviction for cause as you've laid out.You can send an email to the domain owner for that Czech site, but I would probably leave it at that.

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.

29 September 2024 | 3 replies
About a month ago I had a contractor replace a roof that got damaged from a storm but when they had the shingles off another storm blew through overnight and blew the tarp off and a lot of water got in the house.

1 October 2024 | 2 replies
Most of them don’t qualify, but often they are not going to tell you the truth – you have to figure it out through your screening process.Evictions for Cause and for Non-Payment: The frequency of needing court filings and eviction proceedings is higher than any other property I’ve ever managed.

1 October 2024 | 4 replies
If you need a $50,000 loan, that would cause someone who does not know you to think that there is not millions of dollars floating out there to go after.

2 October 2024 | 38 replies
AS for building 3 mil more homes that will cause price rises again in lumber and other items for the house not to mention man power ..