If a tenant does damage to my unit but can't or won't pay for the repairs, can I document the damage and file a claim against his renters insurance?
We rent out furnished apartment units for “long term” stays...anywhere from 1 month to a year. Currently, our lease requires tenants to obtain renters insurance and for us (the landlord) to be listed as the additional...
I am looking into becoming a private money lender for a real estate investment company who secures their loans by placing the lender as the 1st lean position and uses a "Reverse Quit Claim Deed" to avoid the necess...
Do you simply make sure they have renter's insurance or do you require a minimum amount?I have insurance on my properties and an umbrella policy as well.
The insurance I currently have on my rental has the 'NAMED INSURED' listed as the Property Manager and then my name is listed as an 'ADDITIONAL INSURED'.When I questioned this, the explanation was so the property mana...
3 years ago I purchased a nice home to rent out. The house has no mortgage on it. In March my tenant burned down my house due to "careless disposal of a cigarette" per the fire report. The lease specifically states th...
Hi All,I was wondering how a landlord can enforce the requirement that a tenant purchase and maintain renters insurance with a certain limit of liability throughout their tenancy. What if they move in and don't get it...
Is it typical that a property manager would be named on home owners insurance?Why would property manager need mortgage statements?
Hello, I enjoy reading the advice on this forum.My wife and I have owned two rental properties in the OKC area for the last several years. Our rental property insurance is with USAA, who also has our homeowner's insur...
I want to run something by the community regarding property management and see if others have done something similar:I’m in the process of figuring out how best to setup the legal structure for a long-term, buy-n-hold...