Alan Clarke
Property Manager and Insurance question
I am about to rent my first house and I will be using a property manager, I have some question about the contract. The hold harmless part states:HOLD HARMLESS: OWNER (me) agrees, at OWNER'S expense, to indemnify and...
Shaye Mora
Bypassing FHA 1-year owner-occupied requirement
I'm looking for tips on how to bypass the minimum 1-year requirement on an FHA Loan. I am currently house hacking a duplex I bought in March 2019 and just recently bought a SFH on June 1st. The duplex is under an FHA ...
Nilesh Makhija
Virginia Homeowners Insurance Policy
Hey guys I'm looking for homeowners insurance policy on a condo rental property in VA. Also I'm a newbie so any advice on what kind of policy would help too.I have still not looked at master HOA policy, but it looks l...
Brandon Yuan
Is Special Warranty Deed a Common Practice for Apartment deals?
Is Special Warranty Deed a common practice for multi family apartment deals? That's what the listing broker told me and said I can ask for General Warranty Deed instead but that would put me at disadvantage against ot...
Steve Vaughan
Anyone else erminating their umbrella policy?
Until this month, I've had an umbrella insurance policy for years and years.
After responding to the 137th "should I have an LLC?" thread, I was reminded I am swimming a little less protected today.
A $1M policy ...
Kim Ay
insurance for LLC and coverage
Hi to all, we own different condos under one LLC and are interested in getting insurance. i was reading about landlord insurance and general liability insurance. which can i get for LLC? also how should i go about ass...
Phillip Gainey
Seller Financed property, seller not placed on Insurance Policy
A friend of mine sold a property in Memphis a few months back offering seller financing. The buyer never placed him on the insurance policy as "mortgagee". He has tried to get the buyer to do so, to no avail. All s...
Matt Wells
Insuring my rentals. ACV vs RCV & $5k vs $10k deductible. What would you do?
I'm re-evaluating my insurance on my properties. I am going to insure for purchase price + rehab cost, not the appraised value. I am getting proposals on ACV and RCV policies and $5k, and $10k deductibles. If there is...
Zaid Badabwan
Umbrella and liability insurance
I have 4 rental properties and have 2 separate liability insurance policies. I would like to know1. Difference between umbrella and liability insurance.2. Do I have to buy liability or umbrella insurance for each prop...
Anh Le
Landlord Insurance for Property Under LLC
I just did a quit claim deed two properties from my personal name to LLC, but mortgages are still under my name. My insurance agent told me that I should have my LLC as a main insured and my name additional insured. H...