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Have a question about the legality of the Indemnification/Liability clauses. I'm just getting started and may take on a few houses as a property manager.
From several example lease contacts, I've seen an indemnificat...
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Hello, my name is Tom. I am a Firefighter/Medic by trade but recently that ended due to injury. I have no experience in real estate. I want to supplement an income learning how to invest until it can become the income...
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Hi, I’m purchasing a property in Huntsville, Al. My lender is asking for Home Owners insurance. Does anyone have any recommendations on how much coverage I should get for a rental property? Does anyone have any refere...
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I have a tenant that is supposed to be moving out of his unit, and he isn't. Today is Oct. 9 & he has already paid first & last months rent at another building for October but hasn't moved out yet. He is a ho...
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Hi guys,
I am a bit embarrassed for asking such a simple question and feel like I should know the answer already but I guess if I don't ask I will never know....
I need to do some serious asset/liability protection...
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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...
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Hi All,
I am in the process of wrapping up my first project. As expected, I had some troubles with the GC on quality of work, what was agreed to VS what was done, etc. I have met a lot of good workers in di...
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I am working on a rehab right now, and I just received a letter from a law office stating that their client was injured on my property by a "piece of wood which was unsecured" when it "fell and struck her on the head....
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Need insurance on an owner occupied 4 unit property. I am very confused on what coverages I need. I have received quotes with yearly premiums ranging from $1600 - $4500. Each quote that I have received is structured d...
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Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one u...