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I normally require a security deposit equal to one month's rent plus $200, and I raise the rent annually by $25 per month. For tenants who stay year after year, the security deposit over time shrinks in relation to th...
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I've been advised that in addition to the liability protection an LLC provides, and in addition to the homeowner's insurance I cover on my rental property, I ALSO need insurance for the LLC that protects me from gener...
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Hi all!
My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates). I'm looking for ...
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from what i have been reading all over the net it sounds like a wise choice to ask for rental insurance when renting especially to lower income renters. My questions are:1) what if they let the insurance lapse? What ...
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One attorney told me the best way to insure a teen is to put a car into an LLC and have the teen drive it. Then if something happens they cant go after everything that the parent owns in his or her name.Is it the best...
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I’m trying to buy a house in Phoenix using a second home loan, putting 10% down.I'm trying to understand why anyone would choose the 2/1 buydown if you end up paying the same amount of money, whether you select the 2/...
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Hi. I understand the pros and cons in general of LLCs. I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy. That said, I d...
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I am currently working on negotiating an off market deal purchasing a SFH from a colleague in Minneapolis.
In order to discount the price we are working without a buyers agent and just have a facilitator to do the p...
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Hi everybody.I am looking to buy a multi-family property potentially in Raleigh, Atlanta, Orlando, or Ft Lauderdale. I'm looking for a good rule of thumb for property insurance when I analyze deals. As an example, I ...
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Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collate...