We are in the process of closing on our first property. It is a foreclosure. The price is 61,000 with rehab estimated at 50,000. The city said we need Hazard insurance. What type of insurance do we need and how muc...
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 own a 10 unit Building in the SF Bay Area and I'm looking for a good, financially sound insurance company to get a new policy on the building.
I'm looking for recommendations for some of the better, financi...
Hey fellow BPs!Fairly new to long term real estate investing, only dealt with condos and SFR previously. Under contract on a Duplex in Illinois, any recommendation for (rental) insurance? Thank you!Raul
My insurance company, Allstate, has just informed me that they have a 4 rental property limit. I had never read about that. I am looking for recommendations for an affordable, reliable insurance company that will allo...
Hi All,I want to know if I need home insurance in my investment property. We are going to initiate the rehab portion. Must of the work will be performed by husband. However, there are areas that needs permits and we h...
Hi, EveryoneOur family will be overseas for one year. During the year, our primary home will be for rent. Our cars might be in friend's house or in the storage unit. Our current umbrella policy carrier-Geico will canc...
I have recently finished my basement out with a full apartment. I have listed it on HomeAway and Airbnb. We have had great interest and have had 3 short term booking and 1 booking for 19 days within 1 week. This is ...
I rent in FL and had water damage done due to a major leak in the bathroom. Sink, vanity, and floor in bathroom, also leaked into master bedroom through wall and into hall way outside the bathroom, (hallway and maste...
Question about a land trust trustee: what are your thoughts about using a title and trust company as the land trust trustee for anonymity purposes? What are the pros and cons of using this setup, especially when it co...