Chris Karley
Manage Personally Owner POroperty as LLC
Sorry for the botched title!I own a couple rental properties in my personal name. I have an LLC (Single member self managed) I just started for general contracting/ renovations repairs for customers. I'm setting up Bu...
Ahmad Moore
Transferring from LLC to individual name
Transferring FROM my LLC to my personal name in order to do a HELOC, what are the pros/cons. I plan on transferring it back into my LLC in about a year or so until we start building.
Brent Zande
Insurance for Air BnB
We are almost complete with our first Air BnB in Charlotte and we are looking for the right way to insure the property without breaking the bank. Our insurance company has provided a quote that seems very high for th...
Ben Capone
Operating under an LLC or Not?
BP team,
My partner and I got our first rental property occupied about 3 months ago here in San Diego. We are currently doing a live in flip on another and plan to rent that out in about 4-6 months. We are co owners ...
Jeff Li
Tenant Left Water Running & Overflow Caused Damage - Advice Plz
First year landlord here. I just found out that my tenant left the shower running all night while the bath was plugged. Water overflowed to the floor, causing damage to my unit. Not only that, this is a unit in a C...
David Velazquez
Rental Insurance
Hello All,I have 7 rental properties, most of them are free and clear, I have a liability umbrella policy for all of them, last year I got insurance to cover the interior in case of a fire or anything that may happen ...
Joe Gemma
Rent loss coverage on a vacant property?
Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...
Colin Holowach
To LLC or to not LLC...?
Hey BP Community, my 2 brothers and I bought a property. We have LLC and Operating agreement for the business expenses. We also have homeowner and renters insurance. We are the owners, but we go through a Property Man...
Manmath D.
Looking for Umbrella policy
I’ve a rental property in WV with only landlord’s policy on it. Reading here I realized it’s safe to have umbrella policy, just in case. I had called progressive agent that I’ve landlords policy asking about needing a...
Wade G.
A con to doing a mortgage wrap as the seller
In this case I am the seller. I sold a property with my mortgage still in place. I guess this is one of the problems with doing a wrap because my lender will not accept the new buyers insurance policy even though my...