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For those that have paid off rental properties do you keep insurance on them? I have several small cheap rentals and owned them for 7+ years and never made a claim. Now that they are paid off I was considering not kee...
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Hello everyone My name is Jose, I am a newer landlord in the Midwest. I have recently lost a triplex to a fire and it’s a new experience for me. None of my tenants were hurt thankfully and I am working on moving them ...
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In August of 2013 I bought a duplex and did the whole "owner occupied" bit. So far it has worked out great and I will be moving out shortly. With that being said I decided I should probably evaluate my insurance needs...
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I’m currently in the process of buying a duplex in Hubert, North Carolina. I’ll be living in one half and renting out the other. I called USAA thinking I’d get a good deal but turns out I’ll be paying around 2500/year...
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OK, not really sure of the question to ask here.We are on day 3 of our option period and i am trying to get insurance quotes done for this rental house i am planning to fix up and rent (SFR). Now i own a primary resi...
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Hi all, just thinking if it would be possible to somehow utilize the equity in a home to pay for extensive reconstruction, i.e. tear down and rebuild?I understand lenders usually require a full payout before the const...
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I hope this isn't to insensitive. I was looking at a few properties in Mexico Beach and Port Saint Joe prior to their recent tragedy. How does this type of event affect the market in that area?What is the process of r...
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I just finished a rehab that included a total tear down and rebuild of a detached garage. The problem is that the contractor claimed he was unable to match the vinyl siding on the new garage to the house. So now the g...
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Hello, I'm considering purchasing an empty lot in Coffey Park neighborhood of Santa Rosa that burned down in the Tubbs Fire. I have a contractor willing to do it for a low price since he is building three other houses...
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Need some advice when it comes to insuring a rental property... I have a rental that would probably sell for around 200,000 if I sold it right now but my plan is to keep it and rent it out. Would it be a bad idea to...