First post on bigger pockets! I’m under contract on my first 3 family home and I’m exploring insurance options. I’m hoping someone (anyone) can shine some light on the differences between Homeowners, landlord, umbrell...
I have my first rental property and have been considering getting umbrella insurance on the property and not setting up an LLC for it. How does this work from a tax perspective? Do the tenants write the checks out to...
Disclosure: I represent Affinity Loss Prevention Services, the chosen loss prevention partner of NREIG/AGMThis question and a few items came up in another thread and warranted further discussion.@Gautam Venkatesan @Da...
Hello All!
To give a little back story upfront here...I'm currently House Hacking and acquiring my new property soon. Both single family 3B1B's. My question is when it comes to Renters Insurance. What limits are nee...
Hey!Recently came across some whispers of Biden possibly bailing out the housing market by allowing forbearers to extend their mortgages for an additional 40 years (basically anyone can claim they were impacted by COV...
I have purchased my first BRRRR property with private money provided by my mom. I am not sure which documents are needed in order for her to only be taxed on the interest she receives and not the principal payback. I ...
Is it worth submitting a claim for 8k? will my premium jump next year? If so does anyone have an example of how their rates changed?
Several Basic Fraud Schemes to Note:I have now been in accounting and specifically in Forensic Accounting and Fraud Examination for 7+ years not only dealing with your typical frauds, embezzlement, theft, and breach o...
Hello BP Fam,*Short Post Alert*I just moved into an apartment (renting) for a short time (no longer than a year) while I save to purchase a property for myself. My landlord is requiring me to get renter's insurance of...
I am now requiring all tenants to get renters insurance. I requested proof of insurance from a tenant and they gave me a policy number (no copy of the policy or anything). Do others require a copy of the actual policy...