On the other hand if the fund has not set aside adequate liquid reserves to meet obligations, then I think it is probably only a matter of time before they are going to have a problem meeting them.

I'd like to be aware of what the wholesaler's obligations are should they assign us the contract.

Hey Zigmunt, I have an insurance wizard at goosehead insurance.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

The only defense is saving, reserves, and insurance. 

I have been considering joining AAGLA and know they have lease forms and other forms, but it is $199/yr.In the next couple months, I am looking to get a standard CA NAA lease written up with RUBS for water and sewer billing and a requirement for the tenants to carry their own renters insurance policies with $100K or so (if there are recommendations around this please let me know) liability limits.Does the community here have any advice on how best to do this and where I could get a lease form that does the trick?

Hello, I'm from Canada and struggling to find a good home insurance provider for my STR.

The gross rents not high to start with and property insurance will take a large bite of that if you live in a state will a lot of storms.2.

I don’t allow smoking and my insurance company is cracking down and now requiring me to say no smoking on the premises.