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Results (10,000+)
Joshua Zapin Property Management Indemnification Standards
30 November 2017 | 3 replies
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 
John M. who makes more $ investor or Turnkey provider / Property manager
29 November 2017 | 8 replies
I think you've already received some great feedback from the likes of @James Wise and @Dorothy Butala, so I will try to keep my post short (not generally my strong suit).As has been pointed out, a couple of the assumptions in the original post may or may not be correct, depending on the turnkey provider you use.
Simon Stahl 4-Plex or more for inexperienced investor?
28 February 2018 | 9 replies
First determine what your goals are and what kind of portfolio suits you.
Robert Hastings Selling and Buying primary house, possible to close at same time?
1 December 2017 | 3 replies
be sure to calculate all costs, so you know what you'll actually haveget your home ready and put it on the marketonce you get an offer, counter with a higher deposit for protection and a completion that suits your needsnow go into the wild and find your new homeonce it is found, secure a completion that is before yoursif the buyer of your home bails, you'll have the deposit as some sort of security (on a 300k home, 15k is reasonable)Alternatively, you could simply flip a few of those steps. 
Abraham Kauffman Just send it to the lawyers already?
4 December 2017 | 8 replies
The contractor still has statutory time limits to actually file suit to enforce the lien, or it dies.
Tom Anderson Help! Crime Scene Cleaning Co. Aftermath Inc. is asking for $48k
6 December 2019 | 49 replies
He had a suit, gloves, bleach, cleaner.
Cody Evans Wholesaling: Out Of State
6 December 2017 | 23 replies
I haven't really made too many attempts yet so I am going to give it a few more months but what would your opinion be on cold calling or facebooking people about properties in states better suited for wholesaling?
Devin Arrigo Filling in the Gaps: 1st Deal Tips
13 March 2018 | 3 replies
@Devin ArrigoHonestly you'll probably learn more while closing on your first deal than in all of the books/forums/posts you've every read - this is coming from personal experience.One thing I would highly recommend during escrow - order a full property inspection and be there when the inspector is on suite doing their thing.
Erik Sherburne How leveraged are you?
19 March 2018 | 87 replies
I notice a decent amount of people on this site swim naked.
Tanner Crawley Can you get an Idea Appraised?
15 March 2018 | 11 replies
Hey there- my husband/business partner, @James Carlson, and I work with a lot of clients that are interested in ADUs and finding mother in law suites (basement, attic, garage or other) for an investment property.