John Grissam
Can Short Sale Bank Pocket Insurance Check ?
I am currently waiting on a SSA from a bank. The home is sold as is and the inspection/appraisals are "n/a" on the dates and deadlines section. I know the bank has collected the insurance check for a roof and glass ...
Benjamin Amaral
Wind Storm Damage to Car - Tenant requesting deductible be paid
One of the tenants in my duplex uses the driveway to park their 2 personal vehicles. During a significant wind storm, many small/medium branches came down into the driveway and out into the road from a large tree that...
Derik Hammer
Lost rent from a fire
If my property burns down, the Loss of Use line item on my insurance would cover lost rent. However, would I be obligated to provide housing (hotel) for the tenant due to being in a lease or do they just need to find ...
Viney Khera
Water damage repairs - is landlord obligated for tenant hotel
Hello, In my single family rental, rooms are rented separately. There was a water damage in upstairs bathroom with toilet leak. While contractor work on repairs, tenant living in downstairs bedroom will have to move o...
Brittany Villamil
What happens after your rental house catches on fire
What is the process after your renter forgets to open fireplace vent and burns half the house down 😑
Inderpreet Singh
Transfer to LLC [Prevent Liability] without "Due on Sale Clause"
I have a multifamily property that I closed - residential investment loan. My real estate planner suggested creating1. Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2. Sinc...
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Clint Votruba
Will transfer of title cause loss of insurance coverage?
Client took title to property as follows:
John Smith, as trustee of the Amended and Restated John Smith Trust dated January 1, 2006
He received an Owner’s Policy with insured named as:
John Smith, as trustee of ...
Kevin Fletcher
Hold Open Title Policy for Flipping
I was told by a friend about using hold open title policy for flips because it can save a lot of closing costs when flipping. Does anyone have any experience with these? Is it a good option for flipping a SFH?
Jay Koch
Owner Financing: Three Ways to Structure a Wrapped Contract
When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage. The buyer agrees to pay the seller in monthly ...