Mark DiGioia
LLC and Insurance question
Hello everyone ! I sent in the paperwork to form my LLC. My question is regarding the insurance on the property. What type of insurance are you putting on your (in my case) Two Family -do I need an umbrella policy ? I...
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
First post on bigger pockets! I’m under contract on my first 3 family home and I’m exploring insurance options. I’m hoping someone (anyone) can shine some light on the differences between Homeowners, landlord, umbrell...
Rasheed Mcdaniel
Unapproved pet during covid-19..
Hello everyone, I've recently gone pro and im excited about jumping into the community and becoming active. I have an interesting situation and figured what better to start with.I currently house hack a duplex and hav...
Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Patrick Sears
Insurance for Tenants to get to protect your property
Hello,Thinking about ways to mitigate the risk of tenant-caused damage to my rental properties. Any ever heard of insurance that the TENANT can buy that covers the landlord in case the tenant goes crazy and destroys ...
Bienes Raices
Requiring renter's insurance -- how to implement
I assume you require the tenant to have you listed as additional insured on the renter's insurance policy. If you get a notice that the tenant has missed a payment, how do you respond? Do you serve a 7 day notice? How...
Evan Swanson
FHA 203(k) - add-on or main mortgage?
Is it possible to receive an FHA 203(k) loan as an additional loan to your mortgage? For example, only take out 3,000-5,000 to replace kitchen appliances in a multi-family. CT offers a CHFA program for first-time home...
Nicole Dorsey
Increasing Condo Insurance instead of Umbrella - Thoughts?
Hi there! I'm new to the BP community and am excited to be here!I purchased a condo unit 2 years ago and have just started renting it out. After doing research I had originally planned to get Umbrella Insurance howeve...
Gerry C.
Ask tenant to get Insurance
Should we require our tenant to get a insurance policy? Any suggestion to a new landlord.
Jeremy Cardenales
How do Property Managment companies work exactly?
Hello everyone i am under contract on my second property and will be using a property management company for this one. I am reviewing the contract and i am kind of confused on how it works. It is saying agent shall b...