YoY is up 3.4%.Rentals - Availability by MonthThe number of homes for rent continued the downward trend.

Here are the Top 10 Areas with Fastest 12-month Multi Family Rent Growth according to NAR:Lancaster, PA - 6.74%Evansville, IN - 5.52%Springfield, MA - 5.34%Louisville, KY - 4.95%Syracuse, NY - 4.92%Youngstown, OH - 4.85%Rockford, IL - 4.40%Providence RI - 4.28%Reading, PA - 4.26%Dayton, OH - 4.21%

Same as you, I have never made a claim.Indeed it has been tough these past few years in the Midwest given the contraction of carriers and increase of premium.

I have slowly worked on improving management to increase cash flow from $0 to ~$800/month currently.

I have slowly worked on improving management to increase cash flow from $0 to ~$800/month currently.

i have the current rent rolls & yearly expense report so far. however, i would assume they will require much more. as i have never approached a hard money lender, i would appreciate any advice given. im in texas by the way. thank you

This can help you put more down or have more capital after purchase to renovate and increase equity.

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

Hi all,I was wondering if anyone in NC has dealt with a tenant crypto mining at their rental property which caused significant increases in utility bills (for furnished rentals with utilities included).

Bill Faeth did a great episode on tips to increase five star reviews on his podcast episode linked here.