Sobsie Jacobs
property manager indemnification clause
I am reviewing a standard CAR (Calif Association of Realtors) contract given me by a potential property manager for management my fourplex. The indemnification clause seems to indemnify him very broadly for any actio...
Adam LeMay
Dwelling Insurance Limits on Townhome Rentals
Hello, hoping someone can chime in regarding my questions below.I currently own 4 rental properties all of which are townhomes in the same city in MN. Their current values are as follows: $215k, $155k, $140k and $14...
Craig Moore
How much does your marketing budget impact your campaign?
Hi BP,New investor here and I've got a question here and would like your help/advice. I am beginning the process of wholesaling because I need more starting capital to start buying multi-families in the Boston area. H...
Mal K.
Cracked water meter on a new rental
Recently, I purchased a property owned by the bank. The house was winterized in 2017 and the water was shut off due to outstanding water bill. I paid outstanding bill and I had a water company come out to turn on the...
Nancy Nobles
Newbie Lien Question
My uncle quitclaimed me a home in need of repairs. I hired some contractors to do some work on it and get it ready to sell. It is now finished and ready to sell. Apparently My uncle got the property through a tax lien...
Scott Feldman
Cash out bank loan denial
Hello,
Here is my situation. I own a two flat no debt section 8 clients, for the last two years. The bank told me the criteria for the loan is the property it's self not my personal finances.
The preliminary answer...
Robert Huang
Do you require Renter's insurance for your tenants?
Do you require renter's insurance for tenants? Will I be responsible if I don't have tenants get them and their personal property is damaged or stolen?
Saikhantal Yu
Am I responsible when contractors I hired broke tenants' stuff?
Hi all,Recently I hired an independent contractor (great reviews on Yelp) to fix a few appliances in the kitchen. Things were fixed perfectly, however, the contractor brought some minor damages, for example, scratchin...
Anthony Ziccardi
Tenant / landlord dispute
The purposes of this post are to learn strategies and plan further actions.Tenant did not clear the snow from there walk way I informed that that I would now snowblow while snow blowing the charger to the ev car got c...
Alexandra Preziosi
Finding a Deal Through Direct Mail
Hey BP community! I am working to better increase the response rate of my direct mail marketing tactic, and wanted to see if anyone can provide some pointers. I feel it is important to express to the home owner that y...