Joseph Ortiz
Local PNC Insurance....How much do we actually need?
Hey everybody,
We are rehabbing our first buy and hold investment with the BRRR strategy in mind. Here is our first quote on adequate insurance for the property. Does this sound right? Seems high for just a simple PN...
Marty Summers
Property management contract
Guys, am I reading this right? The property management company is not gonna carry any liability if they are negligent and I get sued?
Would you have this changed?
INSURANCE:
It is Owner's responsibility to hav...
Joe Detlefsen
Release of liability
Hello All! I'm working with a buddy who buys raw land and builds new construction homes on them. A question popped up today and I wanted to come to you guys about it. I tried looking for a form on BiggerPockets which ...
Mike Nelson
Buying a deal in HOA community where HOA is being sued
I found a great deal on a single family in an HOA community here in South Florida. Turns out the title company found the HOA is being sued for an accident on the common grounds of the HOA where a young boy was tragic...
Jon B.
Hold Harmless / Release of Liability Agreements for Rehab Contractors
Does anyone have a template they require contractors to sign before starting a rehab project on a BRRRR or flip? I only consider licensed contractors but have found that most reasonably-priced contractors are not bon...
Larry Dowde
Property Management Contracts
We are somewhat new to the investment property rental world and have recently acquired a 3rd property that we plan to rent through a Property Management Company. This is not a matter of distrust of the Company, I just...
Nehel Khanani
Newbie Q: to buy or not to buy foreclosure with ucc lien
Hi all, I'm pretty new to investing in real estate in the US and so sorry if this question sounds redundant! A property I'm interested in has this note on itNOTE: Property is subject to a UCC Lien. Per Seller‚ Sellers...
Alik Levin
Grouping election Regs. Sec. 1.469-9(g) - sample text
Dear all,Any of you have done multiple rental properties grouping election as per Regs. Sec. 1.469-9(g)?If so, care to share sample text of the letter you sent to IRS? Or point me to proper resources? I don't believe ...
Account Closed
flat fee contract questions
I'm studying a contract now. It's somewhat similar to a standard listing contract, but there are a few items I have questions about, and would like input on.
96 Seller may be responsible for the actions of Listing Br...
David Cho
General Contractors and insurance
Hello everyone. Just have a general question. When hiring contractors or subcontractors, who are licensed and bonded, should they also be insured aka have general liability insurance and worker's compensation? Is it...