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I have a background in commercial real estate. When I do a commercial real estate lease I require the tenant to carry a liability insurance policy of $1-$5 million and to name me as an additional insured. I've looked...
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Hi everyone,
I'm in the process of hiring a property management company for the first time. In their contract they require that I add them as additionally insured on my Insurance policy. Is this pretty standard pra...
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All my tenants are required to have tenant insurance. They have a liability for a full value of my property plus I make them have personal property for $30k. is it advisable to have the insurance underwritten with ten...
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Hi- apologies if this has been asked before, but is FHA 90 day rule from the date the property was purchased (settlement date as shown on HUD), or the date the deed was recorded?
Thanks, Jon
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We have rental units of various types (Multifamily - a 6 unit and a 10 unit, Duplexes, SFHs, and a couple condos). Our rental agreement clearly puts all liability for accidental disasters on the tenant (worded well)...
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I have seen this requirement on some property mgmt. websites. My insurance agent recommends that I require it.I always have recommended it to new tenants, but none ever have bought it, to my knowledge.What are your t...
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I am now requiring all tenants to get renters insurance. I requested proof of insurance from a tenant and they gave me a policy number (no copy of the policy or anything). Do others require a copy of the actual policy...
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What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
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In the “you might have similar questions” category: Since my tenants of 3+ years are moving out this summer, I checked with my insurance agent to clarify the rules/restrictions about dogs in rentals. My agent (with Al...
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How does financing work for multi-family FHA/ conventional loans? What additional documents would the lender require for conventional loans?