CL Ziegler
Ins. Claim on rental prop - Is it ever okay?
I have heard this is a no no, but I don't recall ever hearing why it's bad.I have confirmed hail damage on three roofs. Is there a down side if I file these as a claim? Am I guaranteed the policy will be cancelled? I ...
Link McGinnis
Business Expense deductions by Entity?
It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...
Mary Healy
Choosing insurance coverage for Single Family Houses
Insurance ChoicesWhat things are important to you when choosing between two policies. Which of these policies would you choose and why?The property:Single family, two-story home with partially finished basement. 3 Bed...
Cal C.
Flipping a house bought with Quit Claim deed
I have a house in GA under contract and I won't be able to get a warranty deed on it, just a quit claim. The law firm I used to close my last purchase says their title insurance company will not insure the title...
Dzenan Catic
LLC / legal set up of your rentals
Hi guys,
When you put your property in an llc , do you make sure that everything is in the Llc’s name (Insurance, mortgage, all the lease and rental paperworw, etc.) ?Also, when you have multiple properties, how woul...
Kelly N.
Prospective Tenant with young dog, might be pit bull...
Hi all,
I currently have two vacancies coming up at the end of August I am trying to fill, both in the same triplex. I showed it to one prospective tenant today, he is very interested, but I have some concerns.
1. ...
Michael Moikeha
Purchasing Subject to
I have a property that I will be purchasing sub to. The owners are great people and they understand the risk pertaining to the due on sale clause and know that if we miss payments it will hurt them.I went to Escrow to...
Sean Yang
Landlord Insurance Loss-of-use Question
Hi All, We had a water damage (kitchen faucet leak) in my rental and opened a claim under my landlord policy. Tenants also opened a claim with their renter's policy. Tenants are currently staying in a hotel while the ...
Ebi Amiri
Tenant moving out late
Tenant was supposed to move out by the end of June by failed to do so until today (July 1st), giving us a really hard time. She claimed she didn't know the date! Please share your thought.
David Lee
Property transfer from personal to LLC to personal
I have a remodel property project that I am planning to switch under single owner 100% LLC and get private financing to finish the project. I am out of funds and I can get the financing only under LLC. Once I am finis...