Mel Park
Homeowners insurance for rentals
The only (2) units I've owned thus far have mortgages on them, and therefore homeowner's insurance.My next few purchases will be cash - - but I can't imagine not placing homeowner's insurance on that - am I right?Is t...
Paul Z.
tenant wants inspection delayed by 4 weeks
Hi there.
I live on Ontario, Canada. My tenant, his wife and 12-year-old son have been living in my rental house for 5 months. When I asked him when is best for him for a house inspection, he will be traveling (his f...
Clayton Maxon
Property Manager Issues
Hey everyone,I have a situation I wanted to see if anyone else has experience dealing with. Our property manager for a long term rental has been awful with communication ever since we signed a the management agreement...
Brian Kantor
Do you offer any recourse for poor weather impacting STR travel?
Hi there. As is much of the US right now, Southern Vermont is undergoing some extreme weather right now. We had 30" snow last weekend, and temperatures rose today to 45 degrees and pouring rain. The area is flooding p...
Kurt K.
Howto encourage elderly tenant to move?
So I have an elderly tenant that I have inherited when I purchased the property. She is well into her 80s and is living on the SECOND floor. the stairs, while they do have a handrail, are narrow and steep, as it is an...
Alfred Litton
Getting Killed on Property Insurance on Rentals.
I'm at my wits' end looking for decent property insurance for my rentals (four SFHs). My rates have spiked 35% in the past 2 years. Is this happening to everyone else as well? I'm paying about $1000/yr each on homes v...
Jordan Becker
Property Management Contract -- Indemnification provision
I have a few doors in small multifamily properties and am looking to hire a property management (PM) company. Most PMs I have contacted have an indemnification clause in their contract, which says the Owner (me) woul...
Preston Roth
KNOB & TUBE - 35 Unit 1912 Apartment Building
All,I need some advice on a potential purchase that is coming down to the wire. Here are the specifics in a nut shell.* In contract on 35 unit very well kept and clean building with 0-1% vacancy in Washington for 2.1 ...
Colton W.
Changing Due Date for Tenant
I have a tenant that constantly pays late. They used to pay their rent on time, but now they say they can't pay until the 15th of the month because that is when they get paid. I have let them pay late the past couple ...
Jay Hinrichs
The 2% rule kills values
As one who had never heard of the 2% rule or 1% or any of the other terminology that floats around BP,, I just became aware of the 2% rule. I was talking with a fellow from Oregon who was lamenting that there are no 2...