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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?
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In the slip and fall scenario, where the renter slips and falls on your property causing them to pursue legal action against you, what is to stop them from suing the business (the LLC) and you (as a negligent landlord...
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I'll need to do quite a bit of work to get this property back and healthy. Things like carpets, blinds, doors, lights, fumigation, paint, cleaning and some landscaping. The brunt of my frustration is at the tenants wh...
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I have heard getting an LLC and EIN to manage my first rental as a business was good. But an experienced friend just told me that it is actually better to get Umbrella Insurance because if set up as an LLC I can still...
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Hello everyone, I'm looking to get some advice on this situation with a tenant in my property.
I own a condo unit and this tenant has been living there for a few months now. Soon after they moved in, they asked me i...
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How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
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Im a real estate agent based out of Indianapolis IN. I'm 20 years old and still in college so I've been spending the last few years soaking up as much real estate knowledge as possible. Recently I worked with a very ...
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I am a newbie, just converted my primary residence to a rental last summer. We're nearing the end of our first lease and have a bit of a problem tenant but they pay rent early or on-time every month. We're on the fe...
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I don't want to get into the details here, but I'm owed a little less than $1000 due a mistake made at closing, on my personal residence. There is a possibility that one way of getting the money back is to sue the sel...
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Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...