I think this is the 1st time an insurance inspector has visited my multifamily in the 23 years I've owned it. I live here and use the basement as storage and workshop, and that my biggest concern. I figure I need to h...

Today, I got a call from one of my tenants saying that he smells smoke in his apartment and he called the fire department. When I got there, the fire department located and extinguished the fire. It was at the base of...

Hello, I am starting a project soon in a small town in IL, and looking for some help on where to buy the insurance that will cover the builders risk as well as the property itself in case of fire or flood. I looked on...

Hello I'm Tony and I'm so excited to be here.    It all started over Christmas vacationing in Aruba that the voice in the back of my head started getting a little louder. I  have always have had a love of real estate ...

Hello everyone,We just had a fire in our fourplex. Only one unit was damaged and the tenant agreed to pay for all repairs. I don't think she can afford to pay for the damages, therefore, we are preparing for small cla...

Do you permit tenants' use of candles of attempt to regulate their use? I use a standard lease which has the following clause:"The tenant shall not do, bring or keep anything in the Rented Premises, or permit or suff...

Currently, my business partner and I are looking to put an offer on a single-family home for a house flip. The house is listed for $230k, and we plan to offer $235k. The potential after-repair value (ARV) for the prop...

We finally started to repair fire damaged property. tore out all burned material and gutted directly affected areas. Plaster on lathe walls are covered in soot. what is the best course of action demolish and replace o...

(Background)Lo and behold... I finally committed to my first real estate purchase.  At 25, it was time to move away from home and I bought a neat 2 unit rancher, with an attached in-laws quarter (unit #3).  While I fl...

There was a small fire in one my units and the unit will be unlivable for at least a week. What do other landlords think about my obligation to pay for temporary housing (i.e. hotel room) for the tenant while the unit...