Ed Moran
Land Trust ... LLC..Umbrella Policy
Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing. I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause. Speaking with my lender/br...
Gustav MW Hebner
Using a broker to close a wholesale deal
I am concerned about the legality of brokering a deal with a buyer once I have the option contract signed. From all of the debates I have seen it looks like the only real question that is being debated is "are wholesa...
Marques J.
Oregon - legal heir needs to get copy of Trust agreement
Hi,I am in contract to purchase a house currently in a trust, First trustee died and second one passed away in a freak accident. I am in contact with the remaining Son.I have made an agreement with the heir to purchas...
Nick Ye
Eviction on Absent Tenant
A tenant in my rental property was recently involved in a car accident and he's seriously injured and hospitalized from this accident. The tenant is now disabled and unable to work. The only income source this ten...
Mona V.
Cracked bath tub due to tenant
My tenant informed me that she slipped, fell and caused a big crack in the fiberglass tub with the knee. House is 13 years old, so I would put life of tub at 13. She is claiming it's bad installation etc because they ...
Mary Joe
Landlord liability - gas leak, appliances, balcony, windows..
A lot of focus on this board is about eviction nightmare but it is nothing compared to being involved in a gas explosion lawsuit that causes your tenant severe injuries or even death. There is no umbrella insurance p...
Shaun Stephens
What to do if your tenant dies?
I recently had a tenant pass away due to a car accident, I'm not sure about what family he has as he didn't list anyone as an emergency contact in his application. What do I do now?
Paul Lee
Haven't owned investment for 366 days and prospective tenant wants an option to buy
HELP all advance 1031 professionals and CPAs. I have two CPA's with 2 opinions and now I want the communities opinion. So I listed an AZ property I bought as a 1031 replacement and closed on 6-30-22 for rent @ $6000 f...
Bill Graham
Built basement kitchen, is it covered?
Hi,I built a basement kitchen to add a unit in the basement, I didn’t get permits, just built it with local contractors and my own skills. Is it covered under my home insurance? do I need to call my insurance company ...
Danae Pitcher
Protect Yourself - Please Get An Umbrella Liability Policy
STR Owners and potential STR owners - Here's a little advice. When getting insurance for your STR's, strongly consider getting the additional $1,000,000 liability umbrella coverage. It doesn't add a lot more to the ...