Please note than may liability personal or corporate of the original borrower remains after the title transfer.

How keep it legal of course but more importantly how to do if effectively.

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

This approach could keep things straightforward while accommodating their need for housing.

I would certainly keep that tenant.

Always keep record of where you told your insurance company that the property was being used for STR.

We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!

I have a house rental in California.  The tenants have been great, but the lease ended on 12/31/24.  They stated they physically moved out, but still had belongings in the property.  They accessed the property until t...

However, after you get some experience, you probably want to get a Private Lender since this will allow you to keep the majority of the profits.

Keeps it efficient