Hiro Kitagawa
Tenants caused damage to another property, has no insurance
Hi all. I have a rental property in the sate of Kentucky. The tenants in my condo (upper unit) left the water running while filling a bathtub, resulting in water leaking into the downstairs condo.My tenant has $300K l...
Michael S.
HVAC drain service - $197
My tenant's air conditioning cut out recently, so I had a company do a service call. End result is $197 for the technician to pour some hot water and bleach down the drain line. The drain had gotten stopped up, w...
Tari Tung
Charging tenants deductible for repairs.
Hello BP! I heard from someone that as a landlord, I can charge deductible for repairs to my tenant. I know I would have to put this in the lease agreement to begin with. Let's say for an example that I put this ...
Grand Wally
Insurance in addition to LLC?
I've been advised that in addition to the liability protection an LLC provides, and in addition to the homeowner's insurance I cover on my rental property, I ALSO need insurance for the LLC that protects me from gener...
Eric Nelson
Question about predicable lifespan and damage to appliances
I understand that appliances have a "predictable lifespan". An oven/range typically have a predictable lifespan of 20 years. A tenant broke my 10 year old range. Am I only allowed to charge him for 50% of the cost for...
Sarah Hylander
First STR ... Liability Question
Hi there! We are ready to buy our first STR, a bit nervous but mostly excited! I am sure this has been covered, but I still need to ask … how to we protect ourselves? Financing as a 2nd home, so do we create an LLC be...
Chris G.
HOA incident report and insurance
One of the units we managed flooded due to the unit above having a water leak. I contacted the owner of the unit above and they're refusing to pay for a majority of the issued caused, so the us and the owner has agree...
Sam Erickson
What's the deal with CPAs advising against LLCs?
I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me? I c...
Thomas Sehon
Umbrella Insurance Policy vs LLC
Just curious everyones thoughts on using an umbrella policy vs an LLC especially with an expanding portfolio?
thank you in advance!
Jon Shoop
Top list of the most atrocious things you've seen a contractor do
What is something that makes the top of the list for you of the worst thing that a contractor has done to a home improvement or home flip that you've experienced? When I bought my first home, it was for personal use. ...