Collin Hays
Are you keeping up with risk management at your vacation rental?
I sure hope so. Lawyers are lurking.
https://www.carolinaaccidentat...
A small nugget from the website:
"In North Carolina, vacation property owners and rental management companies have a duty to keep their re...
Heather Yates
Tenants failed or delayed to report water leaks
I have a tenant in an SFR with 6 months remaining on their lease. I lived in the home for 5 years before renting it out without major problems. Just a few days ago I received a call from the local utility company rega...
David Luetkemeyer
Tenants car was damaged. Is it my fault?
Okay I need some advice.
We have a small apartment unit. During a windstorm a piece of siding blew off and damaged one of the tenants cars. The tenant is asking us to pay the $500 deposit.
I have never had in ...
Steve Rozenberg
What Don’t You Charge Tenants for Concerning Maintenance Issues?
Do you have things you don't charge the tenants for with maintenance issues?
Stephen Shelton
Utility denying responsibility for electrical problem
Recently I got a call from a tenant stating that the electric was going crazy in her house. Lights were extra bright, shutting off the breaker to the fridge caused lights to flicker, and some bulbs burnt out while I ...
Karen Chandler
Tenan’s mold issue
17 unit apartment building: manager negligent as we discovered that tenant had the following issues: Too many people, non-working or never used bathroom fan, never opened windows, never used heat, very unclean. Develo...
Francis Rusnak
This will hurt people doing BRRRR
Yesterday there was a .5% fee added to anyone doing a refi. If you're business model is doing the BRRRR things just got a little more expensive. https://www.marketwatch.com/story/refinancing-your-mortgage-will-cost-mo...
Curt Bixel
STR contract language - is this normally included
I am considering putting a duplex under management by a short
term rental company. The contract they sent me contains the following
clause:
b)
Indemnify, defend, and hold harmless the Agent, and all persons in...
Marty Summers
Property management contract
Guys, am I reading this right? The property management company is not gonna carry any liability if they are negligent and I get sued?
Would you have this changed?
INSURANCE:
It is Owner's responsibility to hav...
Lauren M.
Is $500K of Landlord Personal Liability per Occurrence Reasonable
I purchased a duplex last month. The current management company asks that I maintain $500k of landlord and premise liability insurance per each occurrence and asks that we add them as an additional insured. I checked ...