Brandon Leong
Insurance questions - deductible? liability? umbrella?
Hello, Everyone!I am currently in the process of setting up insurance for a property I bought in Kansas City. I was wondering, the typical insurance you need is: Landlord insurance (for fires, hail, explosions etc..) ...
Daniel Dietz
Pros/Cons of Portfolio vs Individual Loans in Commercial Lending?
Hello,We are getting close to finalizing a loan(s) for a set of 3 duplexes we are buying within our LLC. The properties are all similar in value and have a total value of about 500K. We are able to get terms of 20% do...
Kyle Kline
Private Money or Fix-and-Flip to Build Initial Capital?
Hello,I am just starting out in real estate investing and am seeking advice on how to fund my first deal. I do not have much of my own capital to use to purchase a property and was recently given the advice to either ...
Nadir M.
Tenant wants to add Son to lease after signing
Hello again everyone,I recently leased my property, in my opinion, to some great tenants. They're retired military individuals and so far things are going well. Currently, the tenants consist of a married couple and t...
Jesse Roberts
Limit to single occupancy via lease by bed arrangement
We just bought a SFH in a college town. There are apartment complexes that lease by the bed and, in the lease, limit occupancy to a single bed in some of their bedrooms. Our home has three bedrooms and we'd like to ha...
Tony Kohnle
50% Private & 50% LLC ownership
I saw a deed and mortgage where ownership was split 50/50 between a (new) LLC and an individual. Is their any particular advantage to this? Or was it just individual preference of the partners?My first thought was it ...
Kenneth LaVoie
pet fees separate or part of rent
We charge a $400 "entrance fee" plus $40 extra per month per pet. My wife thinks we should list and account for the extra $40 separately while I think it should just become part of rent for simplicity. We don't send m...
Blake Wamsley
Advice on a Garage Apartment
Sorry if this is the wrong area for the post, I am new to the forum and it looked like the most appropriate place.I currently own a home and am looking to do a hack by building a garage with an apartment above it. Tot...
Jake Baker
Co-Living (rent by the room) BRRRR
I recently purchased a property in Jacksonville, FL, and plan to execute a BRRRR strategy with a coliving model (renting by the room). The property is in a B-class neighborhood, and while I’m comfortable managing coli...
Charley F.
Landlord Insurance: Choosing Coverage
I have to switch from Home Owners Insurance to Landlord. My agent quote me the following, please let me know your thoughts.
P.S. Someone suggested liability is too low, but did not said what would be a good coverage....