I acquired a property 6 months ago and today I heard from my property manager that the ceiling collapsed. Luckily no damage / injury but has anyone faced this situation before and does insurance cover these scenarios?...

I cant find this exactly on the IRS pages, but I have read on some sites that I may have to claim the insurance payment, as rental income, and then the entire cost of the repairs add to normal repair on schedule E. Is...

Hey Y'all,I am looking at some of the Harris County tax deeds that were sold on Tuesday (12/5). In the online search results I'm able to see the status of each property. Some were cancelled, stuck off or held for futu...

My partner and I (not married, single filers) own a rental property through our LLC which we own 50/50. This is our first year with the rental property and we will post a loss of ~$4k. Through property taxes, interest...

A house in our area has been sitting since the owner died in 2014. In 2016, there was a fire of unknown origins that gutted the building. Now in 2016 the deceased owner is the only name listed on the public records. C...

I was browsing probate files yesterday in Sacramento, California, and found a house worth $175,000 (according to the file - Zillow's zestimate is a little higher) with a $160,000 loan on it. The estate also owns $25,0...

I know this topic has been beaten to death!! I am not posting to get advice on quit claiming to an LLC or not to. I am specifically asking if anybody has experience in doing so, and subsequently had to file an insuran...

Hi all,I have been through the insurance claim process before and this is the first time being denied. The details don't matter much, however I hired a public adjuster to re-evaluate the claim. After numerous attempts...

Greetings everyone!  I’ve been a long time member of Bigger Pockets but have recently switched roles and thought I would give everyone an updated “hello”.For the last 10 years, I was a licensed General Contractor prim...

We are scheduled to close on house in less than 2 weeks. There was storm last night and the roof is leaking. Would filing a claim after we close be more advantageous than getting a discounted price?