Marco Padilla
What to do when your rental property has a fire and we are out of the country?
27 March 2024 | 18 replies
Imagine if you had a PM you wouldn't even have to think about it.Question - did you fire have anything to do with the tenant's negligence?
Derik Hammer
Lost rent from a fire
26 March 2024 | 4 replies
Her insurance put her up in a hotel for a while, and I filed a claim with them (it was her fault due to negligence, she left food in a pot on the stove ON and left for hours).
David S.
Multifamily Property Insurance - Should I go for highest deductible possible?
25 March 2024 | 1 reply
@David S.When reviewing deductibles and premiums, I look for the deductible where the premium reduction is negligible when you go to the next deductible above it.
Vlad Selsky
Fee schedule for Condo HOA
23 March 2024 | 3 replies
Mainly I have a current situation where owners are negligent in providing their proof of insurance.
Reagan C.
About to buy first STR property and need help!
22 March 2024 | 8 replies
You will pay a higher interest rate and need a bigger downpayment.What you need is good STR insurance with plenty of coverage to protect you.An LLC offers some protection with contract issues (like kicking someone out during their stay) vs negligence, which is what you need to watch for.
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
The cost of doing this is negligible at best and is not a large expense for the broker, compared to the whopping commission they get from the sale of just one home.And please, don't tell me about the cost of color copies for Open House flyers and the like.
Lamont Booth
Who's the Host?
19 March 2024 | 11 replies
Nothing concrete, just perception.So I think the personal name is better overall.Just an FYI, an LLC provides little protection from negligence suits.
Patrick Rafferty
Switching Rental Property from Personal to LLC?
19 March 2024 | 17 replies
Sure, gross negligence by the owner may create some, but that can be easily managed.
Konstantin Komkov
Will State Income Tax Lien Stay After Mortgage Foreclosure Sheriff's Sale
20 March 2024 | 11 replies
County keeps money due to negligence.
Amit Shukla
LLC for vacation rental
19 March 2024 | 10 replies
I agree but and LLC offers good protection for contract problems, but little protection from negligence suits.