Joseph Belgrad
Liability if VRBO tenant injured on my property
22 September 2024 | 3 replies
OWNER assumesno liability to TENANT if such should occur as all products have a useful life and breakdown occasionally"My partner has a signed copy from the VRBO tenant.The way my partner has left it with the tenant is that my partner is investigating the issue and will get back to her.Does anyone have any advice on how to handle this?
Don Konipol
Customers You Should Avoid
22 September 2024 | 11 replies
Or that they’ll be able to use a highly sophisticated technique that can really only successfully be utilized when all the stars align and in circumstances that occur irregularly and need to be recognized as such, always by an experienced real estate investor.
Henry Bagh
Need a Property Manager in Cleveland (Section 8)
18 September 2024 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Kurt Delia
LLC's, Business structure for multiple properties? Your Input?
19 September 2024 | 7 replies
Your fee to your CPA will be double as well as your on-going maintenance to keep those LLC’s in compliance.With the simplistic process of having one LLC for operations and one Series LLC for asset holding; you will save yourself a ton of time, money, and headache which would occur if you move forward with juggling 4 LLC’s – yuck!
Sam Booth
How many rentals to retire?
21 September 2024 | 44 replies
Once the projected expenses are listed, estimate when the costs will occur.
Farnaz Z.
Mailbox key not returned by the tenant
17 September 2024 | 5 replies
I know you don't want them using the box, but there's really no harm to you and it's only until a new tenant is placed, then USPS will change the locks.However, you could let the post office know the unit is vacant and ask them to stop delivery to that address until a new tenant is placed.
Ryan Phu
Joe McCall Scam? Read This Before You Buy His Programs...
26 September 2024 | 70 replies
But to be honest my man- Joe is an awesome dude and means no harm, but I could have taught you 99.9% of the stuff you paid $1,500.00 FOR FREE...ALL HE DID WAS THE BASIC FORMULA (JUST WITH HIS "GOOD ENOUGH" RUSH WAY OF DOING THINGS)1) HE DEFINES LEASE OPTION2) AND DREW YOU IN BE GIVING YOU A SMALL VALUABLE VIDEO EXPLAINING THE STEPS3) LEFT YOU WITH A CALL TO ACTION 4) HE COMPILED ALL HIS VIDEOS (YOU CAN SEARCH THE NET AND GET THEM ALL ANYWAY FOR FREE)...
Daniel Mendez
Renters Insurance: How do you explain it to the tenant?
19 September 2024 | 11 replies
This has saved a few of my landlords from having to claim the dog bite liability on the landlord policy EVEN IF THE DOG BITE OCCURS OFF PREMISES.I would not recommend having your tenants get their renters policy from the same agent/company you have your landlord policy from.
Larry Nielsen
LLC Tips for Real Estate Investors
18 September 2024 | 6 replies
Meanwhile, they form LLC's in preparation for when claims or conflict will arise almost as if there is an acceptance this will occur.
Zach Simpson
How Should I Vet a RE Syndication?
17 September 2024 | 1 reply
The plan is to sell it in 4 years once appreciation has occured.