An investor who had a fire at their property had full insurance coverage on the loss, the policy was in force, had about $90,000.00 in damage, had a limit of insurance of 1.5 million dollars, and was a clear cut case ...
Hello,this is my first post here and I hope somebody in the same situation can help me with an answer or an advice.We had water damage in a rental property, opened a claim with insurance and I am dealing with this nig...
What tips do you have for keeping insurance premiums low without comprising too much on coverage? Do you insure for Actual Cash Value (ACV) vs Replacement Cost Value (RCV)? Is it typical to require 6 months of vacan...
Looking for some expert advice for how to deal with a potential scenario.
There was a fire in another unit in my same building about 2-3 condos down. Residual smoke crept through the shared attic space and down into...
I’m wanting to move my properties into an LLC, but my properties still have mortgages with banks. What is the worlds advice on moving them over legally? Does everyone actually wait until the mortgage is paid off?
Hi,Need some advice for our condo in Los Angeles. Apparently the washing machine in my rental some how flooded the floor and it leaked into the unit below. The tenants claimed they have no idea what happened. I’m s...
I want to sell a 4 unit Rental in Decatur GA for about 1.2 million. I have a 470k 1st mortgage at 2.5%. gross rents are 84k/year -20k (taxes insurance, maintenance) = 64k net income.
If i sell it for cash I wil...
I'm looking at an opportunity property that the owner will lease to me with the option to purchase at a wholesale price. The property needs rehab. I see this opportunity as "owner carry" while i fund the rehab. Then r...
Does anyone have any data on what % of properties have issues with title during a 5-7 year hold? Or any data that they can bring to the conversation that supports the decision on obtaining owner's title insurance? (Li...
I have a few triplexes in Philadelphia. A certain management company runs everything for me end to end. The fee they charge per month is reasonable in the 4-4.5% range. They also charge one month rent for placing new ...