Hi there,
Long time listener, first time caller ;)
I'm located in coastal Southern California. I live in an HCOL area, walking distance to the beach. I have a $250k HELOC, which I had been planning on using to build...
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If someone were onboarding with a new property management (PM), is it customary for the PM to be asked to be added additional insured to a homeowners insurance policy? It seems additional interested party is sufficien...
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Hello BP!I own a number of duplex in and around the Boston area, and I have project in mind for one property that I could use some help with.The house is a duplex located in the Oak Square part of Brighton. It's 2 be...
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I'm trying to understand the reasons....pros/cons.... to requiring occupants 19+ years or older to fill out application? In my state you have to be 19+ years of age or older to enter into a legally binding contract. I...
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I Just bought a Rental Property under my personal name, and I also bought the Rental Property Insurance, and found the policy shows the insured name is the Property Management Company name. I checked the Insurance age...
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Hey all, I have a situation. I just purchased a duplex and the current tenants do not have renters insurance. What do I do? They are not interested in getting insurance. My fear is if they do something that damages th...
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We started requiring our tenants to have renters insurance a couple years back, and I'm so glad we did. We already had one situation come up where our renter plugged the kitchen sink with the faucet running, stepped a...
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I'm in Minnesota.
I'm in the process of beefing up my existing lease with additional expectations of tenant behavior (such as not having other adults not on the lease living at the property). My understanding is that...
I know we can use a promissory note to pay the seller during the subject2 deal because the property have equity and positive cashflow but how do i know in the next 5-15 years i will have the money to pay back the sell...
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Closing on our first property (duplex) in Minneapolis uptown area. I've been working on the lease drafts all week and wondering for those that have gone through this, if there are any nice to have additions or anythi...