Trina P.
liability insurance on first single family rental
My husband and I just made our first property purchase. We are buying in Alabama and live in California.We are going to postpone getting an LLC until we get a few more properties. Being out of state a lot of the insur...
Gene Murashko
To add, or not to add? Portland Oregon flip.
I have a property in the Lents neighborhood that is just getting finished up with phase 1 of the rehab. After dealing with the city I learned I had to do the remodel in two phases, first on the original structure, and...
Bryce Wolfe
How much extra to charge for rent for pets?
I have a tenant that wants to buy a dog. The dog is a German Shepherd. He is asking me what the pet fee and deposit would be if he were to get one. What is typical for a refundable deposit and monthly rent addition fo...
Chris Troutman
Should Each Tenant Carry Renter's Insurance in Multi-Tenant Lease of SFH?
I entered into a one year lease with 4 tenants (jointly & severally, and collectively referred to as "Tenant"). The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, per...
Randy Wiley
Renters insurance mandatory
Can you make it mandatory for your renters to carry rental insurance? So if they are found to be negligent it goes against there policy and not just yours?
Katie Helmboldt
Renter's Insurance Liability Minimum?
Hi, folks, I just closed on my first deal a few days ago, and I'm editing our first lease using the template given from BP for my state (Maine). There is a section about leasees providing their own renter's insuran...
Sigmund VanDamme
Additional insured the same as additional interest?
My new tenant told me that Progressive stated that they cannot add my LLC as an additional insured; however, they can add me as an additional interest.Is this the same thing?
Rohit Naringrekar
is landlord insurance necessary for liability coverage?
We are renting a condo. The condo association insurance covers the structure and we don't have any expensive items in the condo. The only protection we need is liability coverage- to protect ourselves from the tena...
Zach Sprau
NC - Insurance for LTR that will then be used as an STR
Hello,
Hoping to get some suggestions on rental property insurance. We are getting ready to rent out our property in North Carolina so we need to change from our homeowners insurance to rental property insurance (th...
David C.
Wrap up insurance for first build when selling?
I am going to finish building my first project, a large log home, in about a month. I built the home as an owner-builder and did the build in my own name, not an LLC. I don't have a contractor license as none was re...