Hi everyone, My management company contracts vendors for basic repairs to cosmetic upgrades etc for properties that we manage. What kind of limits should we require all of our contractors to carry in terms of General...
I am currently trying to refinance one of my rental properties, the lender has asked my insurance company to make some changes and Insurance will need to be submitted in accord form. Please have the insurance agent pr...
Hi everyone,I have read a few Property Management agreements and they all seem to say that the PM company must be listed as an additional insured on the insurance policy (DP Policy). Do those who use property manageme...
I have acquired three properties in the state of Louisiana. All three properties are gutted to the studs, no utilities and has no mortgage . Are there any Insurance companies that provide insurance for vacant properti...
HelloI am in the process of refinancing my loan and lender indicated that they need to see their name as loss payee on the home insurance policy document before the loan closes. Firstly,How is this possible while I am...
Hi All,New rental property owner here. I'm curious what you all think are the most important terms to include in your lease? What non-standard terms have reduced your risk, hassle, and property maintenance issues th...
There are many myths in real estate real estate and I want to debunk one right now.
Many real estate professionals tell clients not to buy a mobile/manufactured home because they do not go up in value, this is a lie....
Hello everyone,We are currently under agreement on our first property and we have a question about getting insurance. The property is a duplex in which we will be living in the bottom and renting out the top. We are b...
I understand that the "gold standard" is to ensure every contractor has liability and worker's comp insurance and that I have renovator's insurance on the rehab property.
That being said, what are your thoughts on e...
Hi BPer's,Wondering if anyone can recommend a good E&O provider for PM purposes? It doesn't have to be located in South Florida obviously but would prefer recommendations from people who currently use them. Thank...