17 January 2025 | 7 replies
I appreciate it.Aside from the option to be added as 'additional insured' they have the option to purchase a "ProtectionPlus Bundle' from Surevestor, which includes several things like protection against eviction costs, wilful damage to property, over a $1 Million third party liability protection, loss of rent protection for 25 weeks etc.This is $50/month.
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17 January 2025 | 28 replies
It's fine if you don't ever need to cancel, or have any damaged items to return but as soon as you do, their customer service feels nonexistent.
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26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
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27 December 2024 | 2 replies
They focus on safety issues, such as wood rot, water damage, and structural integrity of balconies and decks.
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21 January 2025 | 35 replies
If these type of damages occur in the future, I would recommend holding the tenants deposit, or if there is a claim to be made through the insurance you sell them you could approach that avenue.
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3 February 2025 | 14 replies
Hopefully the deposit covers Jan rent, make sure you give them an itemized list of the money owed to you for any damages or unpaid rent.
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11 February 2025 | 20 replies
We are currently working with our lawyers to take next steps and get our money back along with damages due to wasted time and investments we missed out on along with other people who they have done this too.
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31 December 2024 | 3 replies
This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.
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11 January 2025 | 15 replies
some roofs, tree damage and trash strewn around.
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10 January 2025 | 5 replies
the way to go about it is turn it over to your insurance and get the police report.. sometimes insurance will then subjugate the claim and go after the tenant criminally I had that happen on one of my rentals where the tenant did 40k in malicious damage on a new construction home I purchased in MS.