I wanted to share a situation regarding a persistent water intrusion problem affecting only two units within our newly constructed condo building consisting of 12 units. Since early 2022, we've been dealing with this ...
Good Day, so in our state(VA) title insurance and survey, both are optional and add up to nearly $2200-$2500.
It's a HOA based community, which is 15-20 years old. Should I skip title insurance or not a good idea?
H...
I own a duplex with tenants. I received a notice from my rental property insurance carrier that they will not renew my insurance policy covering my rental unit. I want to keep my insurance carrier. If you have been ab...
Before closing on an investment property, I undertake several crucial due diligence steps to ensure I make an informed decision. These steps include:
-Property Inspection: Engaging a qualified inspector to thoroughly...
Hello all,
I'm in the middle of a contract for my second property, and I have some questions about insurance.
1. How do you select your insurance policy? Do you ask for number of quotes and compare?
2. When you h...
I obtained a new insurance policy for my 2 unit house about a month ago, and I just received notice that my policy would be canceled due to RENTING TO STUDENTS.
I have never rented to students. However, I did post a...
What is the process after your renter forgets to open fireplace vent and burns half the house down 😑
Hey BP,I've read a bunch of posts, and listened to a few podcasts relating to whether or not you should form an LLC for a property. There are arguments on both sides, and I'm still leaning towards creating one. I gu...
So I have a friend of mine who is a lawyer and represents a client who wants to sell a home that he bought at an auction years ago. Here’s the details:He bought the home at an HOA foreclosure auction, and the laws in ...
Hey all,
I have my 1st property under contract, it will be a rental (it is currently vacant). I'm trying to make a decision between a landlord policy or an umbrella policy and I'm leaning towards landlord policy. My ...