Todd Powell
Do you require tenants to carry renters insurance?
My insurance agent says I can require my tenants to have renter's insurance. I run a pretty tight ship as far paperwork and managing my properties, but this is one area I maybe failing in. I appreciate any thoughts here?
Fred Ramos
Property Insurance questions
Hi all. I've been purchasing properties to hold and rent for almost two years now and am not quite sure how to handle the property insurances coming due. When I purchased these properties, I paid for the homeowners ...
Joel Owens
Wierd property insurance claim
Ok so one of my distant family members in Massachusetts owns a condo that is on the ground floor.
A week ago he hears a gurgling inside his apartment and notices his walls start bowing out.
Water is coming into his ...
Fahrudin Kostjerevac
Hard money lending
I am new to Hardmoney lending and have successfully received a return on my investment with three properties. However, one of my properties has a 6 month term. The borrower and/or title company did not contact me f...
Christine Tranchilla
Financing Strategies - ARM vs Fixed Rate
Hi Everyone,I'm just starting out on my real estate journey and have been exploring financing options in St. Louis, MO. I plan to finance my properties under an LLC and currently have two banks offering ARM's. One is ...
Dennis Debrobander
Subject 2 insurance
I am in escrow on a subject 2 deal. Do I get a new separate insurance policy in my name? Will there be any issue if there is a claim and I am not on the loan?
Austin Tam
Insurance Claim against me
I had my property manager tear down a garage on one of my properties last year. In the process, the contractor damaged part of the neighbor's fence. The neighbor then filed a claim with their insurance company, Natio...
Jennifer Asuncion
Tenant not responding, late on payment!
Hi everybody! Just want to ask anybody here who has the experience with this sort of thing. We live in CA, Los Angeles county to be exact,where there is a current moratorium on evictions due to Covid. My new tenants h...
Akshay Wattal
What happens to the rents paid by the tenant when PM company goes out of business?
Hi all,The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid ...
Julie George
Water leak into my neighbors unit
Hi there,I am a landlord in Chicago. I own a unit on the 3rd floor of an apartment building that I currently have tenants living in. Last month, I had a leak in the refrigerator water supply line that caused some wate...