Scott Goulet
Rental property insurance rates going up&up
Hey BP, Question for everyone. I have 3 rental properties, 2 in florida and 1 in missouri. I have a quadplex, a triplex, and a condo. It seems like every year my insurance on all three properties goes up by 20-30%. Is...
Will Gaston
How can I get insurance on a property I will only own a few weeks?
Hello All,I'm closing on two properties this week for $5,000 each. I am trying to find somebody to wholesale them to but may not be able to before I have close on them on Friday. (I do not want to push the closing bac...
Lewis Gichuhi
Finding property information
Does anyone know how to find information on a property once you get the address?
Andrew Postell
HOW TO: Avoid the “DUE ON SALE” Clause
In continuing with my “HOW TO” series I thought I would post on a topic that has reared its head again lately – the notorious “due on sale” clause (key terrifying music). Every few years this will get talked about an...
Tony Santos
Asbestos Shingles
Hey BP,I am currently looking at a home with asbestos shingles. The shingles are in extremely rough shape and I want to install vinyl siding on the home. I am aware of asbestos shingles and how they break extremely ea...
Jasmine H.
Rental Property Insurance
We currently use USAA's insurance for our rental properties. I just reviewed the renewal policy and the premiums for each have gone up by a whopping 25%. At this point, I don't feel comfortable holding on to these po...
Khaled Seirafi
Termite damaged cabinets & HOA
Hi all. So I've discovered that my condo in Long Beach, CA has termite damage in the kitchen cabinets. The unit is on the 3rd floor of a residential building. Brought out 3 termite inspectors who informed me that they...
Taylor Eilers
Years of water damage In rental unit structure, newly discovered
Good Afternoon,
Upon replacing a window in one of my rental units, that previously was leaking, severe water damage was noted in the structure was uncovered. It looks like it has been ongoing for a long time (10+ yea...
Daryl Venables
Special Assessment being issued to benefit one unit at expense of entire complex.
Hi
One of the ladies I work with is nearly in tears today and asked me about something I really know nothing about and advised her to consult with an attorney. I am not even sure if this might be the right place for ...
Naveen Desai
Insurance claim and received funds and not spent. is it taxed?
Hi, In 2017, I had to make an insurance claim for roof damage and received funds. I am still exploring contractors to help me with roof fixes. So effectively, I did not spend the amount received from Insurance. W...