William Ellis
Incorporate Or Not To Incorporate
I am new to Bigger Pockets so this is my first post.My wife and I are looking to get into property investing and I am currently in the process of getting my real estate license while working a regular full time job.I ...
Chris M.
Can someone name litigious items that insurance won't cover?
Recently I've been listening to Marco's podcast, and he had a guest on that mentioned "toxic mold" is not covered by liability insurance, or umbrella insurance. As someone who's looking into purchasing his first renta...
Kah M.
Time to fire my property managers?
I have a large PM firm managing my five properties for about seven years. During this time, we've had 4 evictions (2 inherited tenants, 2 tenant they placed). After the most recent eviction, we got the house rent-rea...
Scott Lyons
What would you do in this situation?
So we had a tenant who accidentally (no idea how this actually happens) left their bathroom sink, which had a little blockage, running over night and caused flooding onto their floor and into the unit below. We immedi...
Mariah Porter
House hack plumbing expense, who is responsible for the cost?
I am currently house hacking my first property. I rent out two bedrooms to roommates and live in one of the other bedrooms. I just had a sewage line blockage that caused a backup into on of my basement bedrooms. I had...
Martha Daisley
How much is enough liability coverage for a short term rental?
HelloI was wondering how much is enough liability coverage for a short term vacation rental. On the short term rental I currently own i have a commercial liability umbrella policy with coverage of 1 million/2 million ...
Paul S.
Guest screening in STR
Hi all,My family is purchasing a lake house as a vacation home, and I wanted to get your collective advice regarding whether and how to screen tenants. By way of background, my wife and I are working professionals an...
Richard Cook
First flip - big oops! Any suggestions on what to do next?
Hi BP world, So I finally took the leap and bought my first property. It was a nice 3/2/2 on slab. It was a FNMA foreclosure and had a wicked pet smell. I was going to turn it into a rental or sell if I found a buyer ...
Elizabeth Colegrove
Repairs Due to Tenants Negilience
The dishwasher in one of my rental unit stopped draining. $80 later the repair man told me it was due food getting stuck in the drain that was missed by the filter. I paid for the repair.
The repair got me th...
Michael Wong
Landlord Insurance -- When is it ever used beside a fire?
This is a pretty broad question and I'm sure it depends on the type and level of insurance the landlord buys, but it may bring up a nice discussion, so when is landlord insurance used outside of a major fire or disast...