They will also contact you if any repairs exceed $200 (I'm sure the threshold is negotiable), but will otherwise just take care of it (with their team, or your own if you have folks you prefer to use).I don't know what their contract actually states though so I'd want to look at that more closely.  

I would consult an attorney for contracts.  

Sometimes these insurance contracts come in legal sized paper- possibly a harbinger of what you'll need to do to collect fairly from them, But always expect them to perform completely on the things which are in their financial favor.

I am under contract on an A-Frame to STR in Black Mountain, NC (if it survived the storm) and I couldn't use the DSCR for STR because they messed up 2023 after crushing 2022 on Airbnb.I am at 30% down, 1.75 points, 6.875% with no prepayment penalties - $1,644/month.

It’s fair for the capital partner to handle these financial contributions since they aren’t bringing management or hands-on skills.Whatever structure you choose, make sure all contributions and profit-sharing are clearly outlined in a legal agreement to avoid any potential misunderstandings down the road.

Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!

But constantly having to have 30k in my bank account for a downpayment when I was under contract constantly for 18 months took its toll.

If it's not, you won't be able to legally rent out the unit and you'll be opening yourself up to huge liability if anything goes wrong. 

Many landlords now use online platforms that integrate electronic signature capabilities to handle this legally and efficiently.

They were charging another homes repairs to my home and wasn’t caught until I threatened legal action.I reached out to the new person who was managing my property to inquire about a lease renewal for my tenants and make it clear I needed to increase the rent to cover expense increases on the house.