We are a few friends looking to invest in multifamily apartments (<4 units) in Ohio. We haven't done real estate deals together earlier. We need guidance on how to structure our partnerships. Are there templates th...
Hello, I purchased a duplex property with a storefront as a primary residence. I am now interested in renting the downstairs storefront to a business. This will cause me to need a commercial insurance policy. Is t...
Hi all- I currently own an owner-occupied SFH rowhouse in Washington, D.C. I rent out two rooms to tenants and live in the basement (which is shared with the rest of the house I.E. kitchen, living room, W/D). I had no...
Greetings, I recently sold my first home last week using a realtor. The paperwork was completed, signed, notarized by both parties and I receive my wire transfer on Monday as the closing was on a Friday after hours. F...
Hi,
Does anyone here require their tenants to have renters insurance? From Ads I have heard it can be very low for a renter to have.
Perhaps instead of requiring it give a little education to the tenant about the b...
Hello BP, I am in the attorney review period and the contract stated the following "Seller shall pay for the preparation of the Deed, realty transfer fee, lien discharge fees, if any, and one-half of the title company...
I had a meeting with my Estate Planner/Asset Protection Lawyer last week. The subject of our rental properties came up and he suggested that I should get a liability policy for each of the rentals we own. He said it w...
I am about ready to rent out my first LTR. I feel more comfortable with a property manager for the first one at least. The cost doesn’t seem that bad and won’t hurt cash flow that much. In the contract they state that...
Looking for advice. Trying to find any kind of financing for a condo that has an HOA with 3 issues:
1) law suit: they state the law suit is complete and final documents have been sent to the county.
2) reserves: res...
We have our first rental property in Indianapolis under contract and I've received a couple quotes for homeowner's insurance, 1 was nearly double the other. I was hoping there was a standard amount of coverage/deducti...