Sam Crochet
Question re lawsuit on a house I sold via seller-financing
Hi!I received a threatening letter from an attorney regarding an accident that apparently occurred at a home I used to own. I seller-financed the home to the buyer a few years back and had a contract in place clearly ...
Robert Carl
If your not available what do you do when you are managing your properties?
What do you do when you are mananging your own properties and you are not available? If you have a accident, medical situation,or on vacation? I am currently managing my own properties. I have most things set up. Main...
Mary Joe
Landlord liability - gas leak, appliances, balcony, windows..
A lot of focus on this board is about eviction nightmare but it is nothing compared to being involved in a gas explosion lawsuit that causes your tenant severe injuries or even death. There is no umbrella insurance p...
Account Closed
Insurance during the rehab phase
I'd like to ask a question on what type of insurance is best for a house during the rehab phase, before I would rent it out to tenants? This is the phase after closing but before the tenants actually move in. Anythi...
Kevin Trapani
how many properties per LLC
I know this is a common point of debate and there doesn't really seem to be 1 correct answer. just curious on everyones thoughts?
Nicholas Zeiler
Requiring Renters Insurance......And Enforcing it.
Hello folks.I own only one duplex for now but plans to grow soon. I want to include language in my lease requiring my tenants to posses an active renters insurance policy as well as indemnify and hold harmless the lan...
Scott Lyons
What would you do in this situation?
So we had a tenant who accidentally (no idea how this actually happens) left their bathroom sink, which had a little blockage, running over night and caused flooding onto their floor and into the unit below. We immedi...
Elton John
Is this good insurance coverage or should I add umbrella too ?
Property Purchase Price - $365k
Dwelling ( Coverage A) - $432k
Increased Dwelling (Coverage D) - $108k
Dwelling Extension - $43k
Personal Property ( Coverage B) - $324k
Personal Liability eash occurance ( Cover...
Charles Patterson
How much extra do you charge for pets?
If you allow pets in your rentals, and your state allows you to asses an extra pet rent amount... how much do you charge?We allow up to 2 animals, and all dogs must be licensed and releases signed so that we can conta...
Lamonte Mallett
Serious LLc is good to have for asset protection
Is serious LLc is a good way to protect your assets? Also is it better to property is your own name or Llc? Say if u let your LLC expire will u lose the property in the LLC?