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...
Paul Martin
Too many properties to be granted another insurance policy
My insurance agent says I've reached the 5 property max to receive better pricing through their go-to carrier, Vermont Mutual, and will now have to bind with a more expense Massachusetts state-sponsored program. Any e...
Robert Oglesby
This Pool House and some maxed out insurance policies.
Investment Info:
Single-family residence buy & hold investment in Sumter.
Purchase price: $170,000
Cash invested: $12,000
3 bedroom, 2 bath, a family room, a living room. Wait for it, & an ...
Account Closed
Farmers Insurance Renewed my Annual Policy without my Authorization
in today's mail i received both a 'Renewal Offer' and in a separate envelope a 'Notice of Cancellation of Insurance' with a 'Past Due' bill demanding $600 plus $10 late fee.since my policy with Farmers ended April 30 ...
Kurt Stein
House Hacking - How and when to update Insurance Policy
Hi BP,
I bought a property as my primary residence for the past 2 years. The homeowners insurance is very low at $50/mo. I've recently rented out the property but have not updated my Homeowner's Insurance policy yet...
Megan Dwyer
Duplex: 1 structure, 2 deeds. Need 2 insurance policies?
Buying a side-by-side duplex in Kansas. It is all one physical structure, but is 2 deeds. One unit's front door faces east, while the other front door faces south, so the two units have different street addresses. Giv...
Easton Hill
General Liability & Insurance policy for a Arbitrage portfolio
Hi Team! I have a 10-unit Airbnb Arbitrage portfolio and in 2022 one of our largest operational expenses was insurance premiums. We currently take out a policy for each individual unit and the costs have added up quic...
Shannon K.
40 Year Abstract Title vs. Fee Title Insurance Policy??
A contract I'm reading over now is asking which one/or both of these items I will choose for title and survey options. I'd like to understand the difference between these two things:1. Purchaser will obtain a 40 year ...
Guillaume Derouet
LLC'S vs Millions dollar umbrella insurance policy for rentals?
Hi Guys, what is the best for liability insurance when you own rentals properties?Is it to have each property under an LLC or having a 1 or 2 million dollars umbrella liability ?Please let me know your thoughts, i wou...
Samantha Robbins
Insurance Policy for 3-unit multifamily in Columbus, OH
Just recently purchased a 3-family unit in Columbus, OH. I am currently in the process of searching for a good homeowners insurance and was wondering if anyone had any advice on who to go with. My car insurance is und...