Joe P.
Change insurance policies/coverage after 1 year?
Hey all - I am getting a loan with a bank that requires a minimum amount of flood coverage ($250,000)If after 1 year, I want to adjust this down to say, loan value only, is that a possibility? Does that trigger issues...
Daniel Okunbor
Tenant drove car into property before moving out: advice please
My tenant just before she moved out of the house, drove her car into the house and caused a lot damages. She called at the middle of the night lamenting over the incident pleading that it was an accident. I instruc...
Austin Blais
Lawsuit in NY! Looking for opinions
Our LLC is currently being sued and I need help from other who have been through it.We purchased 2 properties with the same loan under an LLC in 2016 and haven't had any problems renting them since. The LLC is single ...
Amy Little
Advice - best way to handle this property damage issue
A very Jerry Springer incident. Would love some advice.I had 2 roommates(boyfriend/girlfriend scenario) renting a unit from me. GF calls me to tell me that her BF was violent with her and she wants him gone. She also ...
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 ...
Kevin Kim
Renting out a mobile house which has non-permitted room.
Hello,We're about to buy a property in high desert area in California.There are old manufactured house in the property. However it looks like the seller added additional room.I asked to my agent if the room was permit...
Ryan Daigle
Multifamily to remain resilient to effects of COVID?
According to JLL:Multifamily, will remain resilient to the effects of the COVID-19 outbreak with its more stable, longer-term income profile and defensive investment characteristics"
I tend to agree, though it's hard...
Jim Morris
So we had a tenant OD in our rental this week..... tea anyone?
So we have a very nice SFH that rents for a premium in a very nice neighborhood. We vetted the couple that moved in last year. Everything has been going fine, hell, they pay rent two months ahead every other month. Th...
Derek Luttrell
How much to keep in reserves for first property?
Hi All, I close on my first investment property in three weeks, and I'm wondering if it's common to inject a certain amount of reserves in the property's bank account right off the bat. Purchase price is $122,000 and ...
Account Closed
Evolve is a SCAM
We have been in the vacation rental space for 8 years with a 5 star rating in 3 states. We decided to find PM to help us scale our business to a fourth state. We engaged Evolve. What a nightmare:
1) Lack of transpare...