David Orrick
New landlord- pre-screen questions
What type of pre-screen questions do you ask potential tenants before showing your property ? I have my first rental ready and listed. What questions should I ask over the phone before even conside ring meeting a pers...
John Underwood
STR replacement cost insurance with increased building costs
I just received my Foremost insurance policy for our STR Lake house.We have replacement cost insurance, but the amount seems low in today's costs to rebuild. Our Lake lot is a good chunk of the value but still I wonde...
Glenn P.
Insurance on a 6 plex - 5K?
HiI own several multi family buildings in Central / North Florida and for example on an older duplex I pay $700 a year for insurance, which I feel is a good deal. I am under contract for a 6 plex (built in the 1920's...
Albert D.
First Multi-family Burned Down in Four Months. Help!
What the chance! The worst wildfire in Gatlinburg, TN in a decade somehow found way to my apartment buildings in downtown (near town center). Luckily all tenants were evacuated by police the night before and no one ...
Ashley Chris
How can I move my existing rental into LLC(or some legal entity)
How can I transfer my existing rental into a legal entity (like LLC). Appreciate any referrals to accounting or legal firms specializing in investment properties in Arizona. Thank you
Dj J.
Looking for real estate attorney advice or CPA advice
I list both CPA or Attorney because I am not sure which would be a better for this subject. Frankly talking to both is probably my best option.Asking for a friend*Say someone is about to close on their first investmen...
Kevin Parnella
IRA as down payment
Hi all,I Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my...
Dennis Standers
Must I get Landlord Insurance?
I recently rented out my home and became a landlord. Do I have to have Landlord insurance? I got it, and my escrow when up $150.00 on my recent house rental. It is killing my cash flow what can I do? Can I drop the La...
Pedro Adorno
How much liability for home insurance plan?
Hello BP!
I’m purchasing incestment property thIs month Its a duplex for $220k. Median income in the area is about $35k.
I’m not purchasing through a corporation. Getting the proper insurance wIll be my protectIon....
Steven Braden
Accepting applicants who are in collections
What are your best practices for accepting an applicant who has a credit report showing active collections? The credit score meets our criteria 640 or greater, good landlord reference, and income of 3x's the rental r...