Casey LaValle
Property Management Indemnification
Hi All,
I am really hoping to see if anyone else has faced a similar situation and may be able to provide some guidance.
I had a tenant that broke through a second story wooden deck railing at 2 am and fell to the ...
John Morgan
Should I claim my wife as a real estate professional?
We have 25 SFR that I self manage. My wife retired a few years ago due to our strong RE cashflow. What are the advantages of claiming her as a real estate professional? We show a loss on the rentals due to depreciatio...
Rocky Pe Benito
Ownership and Title and the Due on Sale Clause
Hello Bankers, Lenders, and Mortgage Brokers,What would be the legal way to add a family member to the title and mortgage without triggering the Due on Sale Clause? This family member is managing the property (pays mo...
Susan H.
Pets & Required Renter's Policy
In the “you might have similar questions” category: Since my tenants of 3+ years are moving out this summer, I checked with my insurance agent to clarify the rules/restrictions about dogs in rentals. My agent (with Al...
Pankaj Malik
Tenant threatening to sue and wants to extort money
Hi, My first post so Thanks in Advance.
I have a tenant that moved in and reported Foundation and wobbly toilet upstairs. The contractor I hired finished the Foundation work in 4 weeks and tenant started reporting d...
Jeff Sacco
Certificate of Insurance
Hi All,How many of you request a COI from vendors performing work on your property and do you ask for anything special or do you just ask for a certificate to prove they have insurance and the information necessary to...
Donald M.
Additional Insured on contractors' insurance?
I am hiring roofers on behalf of a small condominium complex to fix several areas of the roof where some water is leaking. I obtained a copy of their insurance certificate and they have liability and workman's compens...
Hannah Williams
How much does insurance go up when you make an insurance claim?
I have a property that I put around $15,000 into. I had to evict some tenants, and they stole the bathroom sink, outside awning, destroyed some of the walls and carpets and stole the furnace and hot water heater. It n...
Victoria E.
"Subject to" how is it work?
Great Saturday everyone!
I have a seller that have small loan took out last year at 6.5% and I'm trying to buy the property "subject to" and remained balance give him in cash. I haven't done this before an...
Eric Fete
LLC with partner question
Hi everyone;
I am purchasing a sfh for a rental with a partner. I am working on a LLC for us to hold it in and had some quick questions:
1. how do we set up insurance with 2 of us owning?
2. do I set up an LLC...