![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3181692/small_1739231112-avatar-dant231.jpg?twic=v1/output=image&v=2)
11 February 2025 | 6 replies
Keep in mind the maintenance of 3.3 acres especially with insurance and fire mitigation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046237/small_1694722945-avatar-anands10.jpg?twic=v1/output=image&v=2)
3 January 2025 | 3 replies
Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/396156/small_1626509275-avatar-basits.jpg?twic=v1/output=image&v=2)
30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3008574/small_1714357256-avatar-simonem39.jpg?twic=v1/output=image&v=2)
1 February 2025 | 1 reply
However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2780292/small_1738442456-avatar-marion29.jpg?twic=v1/output=image&v=2)
7 February 2025 | 2 replies
Last piece of advice is to surround yourself with quality service providers (real estate brokers, lenders, accountants, attorneys, PM's, Contractors, Insurance Brokers)., They will be instrumental to your business.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2882660/small_1700981772-avatar-adamn181.jpg?twic=v1/output=image&v=2)
23 January 2025 | 10 replies
Property taxes are 650, insurance 160, outsourced property management takes 10% of the rent, and another 10% of the rent is set aside each month for future repairs. 3750 x 0.8 = 3000. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2999471/small_1735050329-avatar-jonathanw558.jpg?twic=v1/output=image&v=2)
5 February 2025 | 17 replies
(Please don’t tell me you will lend anonymously to those you met here or on the web).Title/Fire/Hazard Insurance Requirements: Not part of this list but what will be your insurance requirements?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3081061/small_1721526609-avatar-jaker255.jpg?twic=v1/output=image&v=2)
26 January 2025 | 2 replies
Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/569642/small_1621492806-avatar-sbhor.jpg?twic=v1/output=image&v=2)
3 January 2025 | 2 replies
I have home owners insurance should i buy another landlords policy as well?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/690614/small_1695572692-avatar-izraul.jpg?twic=v1/output=image&v=2)
15 January 2025 | 34 replies
Just a worthless piece of paper that validates a promise (legal obligation).