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I read somewhere that I should see an insurance agent before I start my LLC? Can I get some feedback on this statement. With VA in phase-2 of coronavirus I’m ready to speak with someone.
My PM came out with a new contract. It now requires me to get a liability insurance policy, and add them on the policy. Is this normal? My attitude is that I should only be responsible for my negligence, not theirs. T...
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Received this from my insurance agent:
"To anyone experiencing a business income loss with an insurance policy in effect, due to the "Pandemic"I suggest that it would be prudent to report a "Loss of Business Income" ...
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Hey guys,My name is Darron Coleman. I'm originally from Jackson, MS. We currently live in the Twin Cities area in Minnesota. My wife and I have no real estate experience but we are looking to gain knowledge about the ...
Brokers' poor reputation has caused many brokers to rebrand themselves as “Commercial Real Estate Advisors” or “Real Estate Consultants.”This is similar to the Wealth Management and insurance industries, where commiss...
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Hello all,
I just purchased my third rental property this year, a 3 bed 2 bath half duplex, and called my usual insurance company for another policy. They told me that they wouldn't insure me if I was going to rent t...
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Hi BP Family,
I have good tenants in a home that for some reason didn't notify me of a potential water leak until a week after it had been leaking. The tenant called and said no hot water for early morning shower, s...
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'You need to set up entities to protect you from lawsuit liability' is the general advice.
In my area, liability insurance cost $22 per year for 300k
Somebody needs to explain me, what can happen, whic...
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I got my first property under contract (woohoo!) So how much landlord insurance is really necessary? Do the experienced landlords out there recommend being more conservative and getting more coverage or going with a m...
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I am new and wanting to build on a good foundation for purchasing 3-20 unit multifamily buy and hold- please chime in if you have helpful thoughts. Please list the insurance policies / types of insurance I should con...