Hey all,In the recent months, I had several opportunities to become a property manager for several rental units (individual units in condo buildings) and more recent managing a whole condo building for an association....
If I want to rent out my property do I need to switch to a specific landlord insurance policy? What do you do? I saw its 25% more expensive so was curious if everyone here does it or if there is away around it. Are th...
I have ran my own numbers and I feel like I am getting a really good deal here, but I would like you seasoned rehabbers to let me know your take on it.To give a little background....This is a lower end neighborhood, s...
My recent purchase of a triplex came with three tenants, and they all have leases expiring in May, August and October 2015. The lease is a one page lease mostly focused on how much rent and little other details.Now o...
So, I spoke to my local building dept in Birmingham AL and they said homeowners can't do any of their own electrical or pluming.
You need a licensed electrician or plumber. Ridiculous. How many other municipalities a...
Is a landlord required to use a licensed tradesman when doing work in your unit. I'm thinking of smaller handyman type jobs like changing a switch, replacing hoses on a washing machine etc.Is there any potential for...
Do I need a LLC to wholesale, and what is a LLC
I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build. The provider I am using allows for 60 days of continued coverage once construction. I’d like to be prot...
This may be a dumb question but, if we are doing a Quitclaim Deed to transfer ownership of a property over to an LLC, should we also change the insurance policy from our personal names to the LLC name?
I have just inherited a few homes that are paid off from a deceased family member. They are all in horrible disrepair. One of the properties was torn down while in a trust. The person in charge of the trust did not ...