Kelvin Choy
Personal Mortgage into LLC
20 March 2019 | 2 replies
It’s possible, but walk into this with the assumption that a) it might not Be worth the hassle, get an umbrella insurance policy b) refinance all your properties first with a lender w/o a due on sale clause, then QCD them to your LLCA good umbrella policy can be a lot easier then transferring deeds, and can have the same protections.
Brandon Glick
How much liability coverage for rental property needed?
19 March 2019 | 1 reply
I've also read about umbrella policies but wasn't sure about the following:1) I don't have auto insurance (i don't drive), so wasn't sure if this would affect that.
Joe Kim
$200,000+ rents in 1 year - 10X cash flow
25 August 2019 | 108 replies
I happen to prefer VRBO for a number of reasons (better security deposit policies, more control of my house rules and enforcement, payouts 60 days in advance, no 'extenuating circumstances' last minute cancellations that override my refund policies, I can go on..)
Scott Nguyen
Start a LLC for each property
4 December 2018 | 9 replies
Keep in mind if you shopped around to get a cheaper policy, you may have bought a policy that creates loop holes and might expose you to liability.
Alex Lupo
Single family or multi family starting out?
29 November 2018 | 13 replies
(Also look into the FHA 203K loan)Another benefit to going with a multifamily is that it can "boost" your purchase price using 75% of the other income to help your debt to income ratio... so $1000 rental is worth $750 to offset any PITI payments.
Dave Fagundes
Pet liability for landlords
7 December 2018 | 0 replies
And if this were the case, $25/month would not come close to compensating for the possible costs associated with a tenant's pet.Obviously there are ways to protect yourself from liability regardless of the source, like LLC status and a good umbrella insurance policy.
Brandon Clements
Transfering Personal Residence to an LLC
17 December 2018 | 5 replies
You will also need a commercial insurance policy.
Reggie Maggard
PET FEES GUIDANCE AND QUESTION
18 December 2018 | 20 replies
If they will not insure with your current policy do not allow the animal to reside.We charge $30.00 per month for each pet.
Jennifer Jackson
Potential tenant has bad credit and a DWI
27 June 2019 | 58 replies
And the landlord is not wrong valuing criminal offenses based on the nature of the crime - in fact, HUD requires this now since blanket policies are no longer acceptable.
Stefani Gillenwater
1st Manufactured/Mobile Home Park Endeavor Underway!!!
21 February 2020 | 19 replies
Multiple issues with tenants violating their leases but our NO PLAY NO PAY NO STAY policy is somewhat working.