Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
You'll have tenants that don't pay, damages made, and potentially other disasterous situations occur on your properties.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
I was 3 months into the rehab when I found out that I needed a whole other category of insurance (builders risk) instead of the homeowners insurance I got on the purchase and that for all intents and purposes, I wasn't covered if something happened.Its a little thing amongst the many things that occurred on that first flip, but I always look back and say "who knew" and know that I know now.
Joel Oh
One platform strategy
2 January 2025 | 30 replies
I am sure it was an accident, but the guest is responsible for this accident.
Sean Gallagher
Scaling out of state while busy working my W-2
12 January 2025 | 23 replies
Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
Giacomo Matthew Degl'Innocenti
Decency of treatment and unfair losses
26 December 2024 | 11 replies
If you truly don’t want to be misjudged by accident.
Marc Shin
STR - pets vs no pets
16 December 2024 | 21 replies
There are some dogs that just have to be on the couch so these cut way down on dog hairs.We provide dog bowls for water and food along with an absorbent mat.Last up we have a small Bissel hand cleaner for accidents.
Marc Shin
Boardgames and other low cost amenities in STR
28 December 2024 | 19 replies
I personally feel that it is a liability people could use as an excuse for an accident they have if they are drunk.
Sean Leahy
mid term rental
16 December 2024 | 4 replies
Hi @Sean Leahy - good direction, I've never considered this but now that I think about, whenever I've had some random rental/sale listings I've been approached by brokers who said they represent folks that are part of the insurance company's claim management process (e.g. their house burnt down due to an accident).
Patricia Anne Cawood
New Private Money Lender Looking to Connect and Learn!
20 December 2024 | 5 replies
Need a lender who understands that clean title will only occur on the day of closing.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
Alternatively, in addition to the per diem in § 17 (Possession) for failure of Seller to timely deliver possession of the Property after Closing occurs, Buyer may elect to treat this Contract as being in full force and effect and Buyer has the right to specific performance or damages, or both.22.