Hello Everyone,Closing date is arriving quickly for my first investment property.  A 3 unit in Massachusetts. I've called many insurance companies and a couple agents.  Everyone I talk to wants to quote me for full re...

There was a fire in a Chicago condo that I have been using as a rental unit for 5 years. Insurance is refusing to pay for "loss of use" since I did not have a tenant in place during the actual loss.Is this common pra...

Folks this is meant as a beneficial post and not about good or bad positions.   Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.   All situations are specific to indi...

We recently had a major sewer line leak that caused some interior water damage to 2 units in a rental we own in AZ. We had a plumber come out first, not knowing what was causing the water leak, and he discovered...

I have two recently purchased water heaters. The flood from hurricane ida took both pilot lights out along with my roof beginning to leak. How do I properly address these two issues without putting myself at an disadv...

Hi all looking to get my first multi family for investment. There is a quad listed at 180k and the neighborhood is ok. Visited it with the agent and there was a huge metal fence around it with at least 3 barking pitbu...

Hi everyone seeking some advice. I made an offer on a multifamily that will be my primary residence. The market I am buying in hard to find 3 families and was out bit on my last offer. Found one I want signed contract...

hey BP'ers, i have an off-market deal that i am trying to buy. I'm trying to avoid spending all my cash on a down payment. the seller would be interested in seller financing but he still has a mortgage on the property...

Hi there! If a tenant's belongings are damaged because of a large leak in the roof top AC unit which is obviously the landlord's responsibility... Who should file an insurance claim? The tenant under their renter's in...

I just had a toilet run for about 6 hours (tenant was gone) that happened to clog, came home to water dripping in the garage which is directly under the bathroom.  We started drying out the area right away.  I'm not s...