Douglass Belt
Is my insurance premium too high?
I own a SFH (3Br 1.5 Bath-Ranch) rental in the Twin Cities of Minnesota. My Fire/Dwelling policy covers the rebuild cost of $193K, $2K in personal Property, and $100K liability (seperate $1M umbrella) for a yearly pre...
Charlotte Edwards
How much insurance do I need?
The purchase price of our house (in Illinois) is $68k and one of the insurance agents I got quotes from (still waiting on the other) gave a quote actual cash value (56,000 being the coverage amount) for $300/year, but...
Anna Harris
Dwelling Coverage on Insurance Quote
I am under contract on my second rental property (YAY!) and just got a quote for home insurance. The quote I got lists my "dwelling coverage" as 4x the value of the home. This seems way too high to me (the coverage on...
Account Closed
repair or replace cabinets?
My kitchen is L shaped. There are 2 bottom cabinets along the long arm, a corner sink, with the dishwasher to the right of the sink. The dishwasher leaks, and has damaged the bottom shelf of the cabinets. can those bo...
Taylor Eilers
Years of water damage In rental unit structure, newly discovered
Good Afternoon,
Upon replacing a window in one of my rental units, that previously was leaking, severe water damage was noted in the structure was uncovered. It looks like it has been ongoing for a long time (10+ yea...
George Sutton
Tenant damage to stainless refrigerator
Day after tenant moved in, we installed a brand new stainless refrigerator. A year later, they have moved out. They apparently used the FRONT of the stainless fridge for a bulletin board. All 3 doors have scratches an...
Alexander Hitchon
How much do you put aside for CAPEX
I was recently reading a Biggerpockets book on investing in rental property and I saw an interesting chart in the book about an estimate of typical CAPEX for a property. Curious if you think these #s are accurate I fe...
Sagar S.
Insurance: Birmingham, AL
Can you please share your insurance coverage and quote for a property in Birmingham, AL. I am in the process of acquiring a $83K property and the insurance quote I received was $1000 per year. This is my first propert...
Mindy Bowden
LVP or Carpet for upstairs bedroom area
I have a rental that has a first floor master and the secondary bedrooms and a loft area upstairs. The first floor currently has hardwood floors and the stairway and upstairs are carpet. The carpet will most likely ne...
Account Closed
When to replace a Roof?
Ok so I am buying a property that will need a roof repalcement in the near future 6-12 months but who knows to be exact? I checked the attic out and there are no leaks or any signs of it potentially damaging other as...