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Hi BP Team - hope everyone had a great holiday :)Doing my yearly lease update for my current tenant in Bergen County NJ and wanted to get someone's take on adding additional jargon pertaining to "house maintenance". I...
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Hello! My name is Tony Wilcox, and I am an insurance broker located in Indianapolis (licensed in all 50 states). Today I wanted to share a few pointers for things to look out for on future, and past investment propert...
What would you do with the security deposit if the tenant wishes to break the lease early? The tenant mother/roommate passed away. The tenant no longer wishes to occupy the property. I decided to release her from leas...
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I need a new roof & gutters on one of my buildings. It's an expensive job given the size and height with quotes ranging from $22k - $40k. Additionally, the old aluminum siding on 3 sides (the front facade is new v...
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First Deal a Condo, Thoughts?
2 bedroom, 1 Bath 940sq ft. Right now it is on a 12 month Lease until January 2021 @ $850/mo (about 70$) below market rents in the area. HOA covers Water, Sewer, Cable, Trash, and Commu...
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Who do you use for insurance carrier when house hacking? Do you carry separate Rental Dwelling Policy? Which carrier do you used for Commercial Umbrella Policy? Thanks in advanced.
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Hello all,
New to the forum and looking for some insight. =)
Looking to start investing in Section 8 and was wondering if anyone had any horror stories, success stories or advice on where to start.
Or if anyone ...
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Okay, please hear me out.
If you:
paid cash for a fixer-upper/soon-to-be rental (property one),
~$300k saved up,
a primary residence (property two) with only $230k left on the mortgage (low interest),
and ha...
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I'm looking to buy my first rental property, and had a question about liability insurance - I'm buying out of state, and I'm wondering if it'd be best to speak to a lawyer in my hometown about getting a liability insu...
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Im in the process of closing on my first rental property near Tampa. It is a townhouse and i will pay a monthly maintenance fee that will be placed in escrow and will cover the exterior of the building and the roof if...