Chinku Prasad
HVAC leak on 4th floor caused damage to our ceiling 2nd time
Hi All,
I am new to this forum and looking for some help with this issue that i have with my condo that is rented out. About a month ago our renter called to say that the water is leaking through the air vent from th...
Gp G.
Window break in and theft at property stealing new tenant stuf
I have theft broke back window and stole some boxes from new tenant who just moved in few days back while no one at home. How to identify and find egress (fire exit) windows. Any good sources to find the crime index o...
Jared Kotler
4-PLEX Buy in LLC? Or 30 year conventional fixed?
I mean, come on folks, I haven't been in the forums for a while, and maybe someone asked this already, but on a 300K purchase the difference between non-recourse, 5,7 year fixed 25 year am, and a 30 year set it and fo...
Dominick V. Anderson I
Looking for advice on a situation
Hello, I have a question for anyone who’s knowledgeable in land contracts. I’m not terribly well versed in these so forgive me if I’m not accurately articulating what I’m trying to convey. If the the buying party suff...
Jack Barkow
Which kind of Property Insurance Coverage is the Norm?
Hello BP. I'm just starting out and closing on a rental 4-plex soon. I'm currently weighing the different property insurance options and there is a huge difference in costs/coverage between insurers. The background...
Justin D Schwartz
Insurance company harassing me
Hey guys,I'm looking at buying a 4plex but I have a few concerns.My last duplex I purchased back in January had an older roof, older water heater, and older AC system (air handler). The insurance company started givin...
Gary Chlastawa
Insurance help: Who will insure for Appraised Value?
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...
David Green
Loss of use/rent coverage DENIED due to turnover
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...
Kimberly T.
How to negotiate fee with contractor after emergency work is done?
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...
Ishmael Johnson
Water heater damaged by flood caused by hurricane
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...