Carolyn Emberley
Starting an LLC for BRRRR
28 July 2021 | 6 replies
Since the LLC for a rental is predominantly used for asset protection, we always refer out to attorneys to form the entity.
Mel Park
Homeowners insurance for rentals
19 September 2021 | 11 replies
I recommend adding "Personal Injury Liability" endorsement to the policy (protects against Liable, Slander, Wrongful entry, ...).
Diana Walcott
MHP NOI for Future Refinance or Sale
13 October 2021 | 6 replies
To protect yourself from big losses you should value the park based on the portion of rent that can be allocated to lot rent and if you have to value the homes then value those based on shell value or what you can comfortably sell them for.
Anthony Carrasquillo
How do you know you have a good hard money loan lender?
21 August 2021 | 6 replies
Of course rate and terms are something to consider but knowing they can perform/close and protect your reputation in the process is key.
Rema W.
What do you think? Switching from Property Mgmt. to Self Managed
20 August 2021 | 7 replies
Bad strategy as waste of time and could lead to mugging.2) Are the plumber, electrician and handyman properly insured to protect you if they get injured on your property or injure a tenant?
Ying B.
Disastrous Water Damage - Tenant Left Washer Valves ON
19 August 2021 | 5 replies
Anybody in this community who works in insurance or with legal expertise could comment on whether tenants liability can be argued?
Nicholas P.
Property manager wants me to buy workers comp insurance
21 August 2021 | 17 replies
This would mainly protect them against tenant slip & fall lawsuits.Agree with everyone else above that they should not be asking you to provide workman's comp insurance - that is their problem.
K F.
Any other Realtors that started in 2021? How’s it been for you?
5 October 2021 | 45 replies
You can have all the marketing and advertising in the world but if you're not the valuable agent/realtor guess what, the vast majority of people will do some level of research and they will stumble upon a person who has years of experience, expertise, and they intelligently think "hey, this is serious, it's a lot of money, let's be smart and get the best person we can find on this not just any old person".
Sean Resavy
SF Bay Area Property Management Recommendations? (Vallejo)
20 August 2021 | 1 reply
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.
Ryan Olsen
Venturing down the path as a developer
14 September 2021 | 8 replies
I just want to be cautious to pulling in only those critical expertise.