Nick G.
Insurance Co obligations after 2 undiagnosed fires
I had an attic fire this April in a rental property (NJ) I own. The insurance company investigators determined a specific electrical cause (and were starting to subbrogate) of the fire. Right at the completion of rep...
Eric H.
Adding PM company to my insurance policy?
Found this in the insurance section of my PM agreement:
8.2. All of the policies shall name agent and owner as co-insureds as their respective interests may appear. Owner shall deliver certificates evidencing such in...
Stephen Aki
What would you do, Flip, Hold or Walk away
OK, so being the newbie here I did a search for the situation I am looking at but didn't really find anything. So I will throw it out to the collective knowledge and experience of the Bigger Pockets populace. I stum...
Thomas Hackett
Fees to add after moving in
Hi-My tenent in a single family house has requested permission to get a dog. They already have a couple cats and pay $30/month extra for that. If they get a dog - requested German Shepherd or pitbull - then I will nee...
Steve Rozenberg
Renters Insurance
Do You Require Your Tenants to Purchase Renters Insurance to Lease Your Property?
Michael D.
Renters Insurance by Landlord
I recall renting an apartment where the landlord required that I get renter's insurance through a specific company that they had an arrangement with. It was my policy, but they were specifically named as additional...
Mary Joe
How do you enforce renter's insurance?
Hi All, what are some of the things landlord can do to make tenant purchase renter's insurance?What can a landlord do if tenant refuses to purchase renter's insurance even though this is in the lease agreement?thanks
Andrés Posada
Condo Plumbing invoice dispute
Hello BP community,
I rent out my condo unit in a building that has 15 units. A couple of months ago, my tenant called me and said that the main shower was making a screeching noise when it was on. I contacted the ...
Mak K.
Late fee Calculations
How is late fee calculated.
Lease states:
Rent due 1st of the month. If rent not received by 3rd, a initial late fee $75 will be charged. additional $25/day thereafter for until rent and late charges are paid in fu...
Paul I.
Rental Property Tax Question
Got a tax question for your pros out there.I have a condo in Florida that I rent out through a property management company for short term rentals. The property management company pays the corresponding taxes into the...