How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount? e.g. if we add a clause to the lease contract stating they will be liable for all charges due to their purposef...
I am planning to get a room-mate (house hacking) to practice being an actual landlord. If I already have Umbrella insurance; what would I need to change wrt my Umbrella insurance to get a room-mate or a tenant in the ...
Hi,
I'm considering the use of my Company Name (LLC Name) on my Lease Agreements (as opposed to my Personal Name). I think this will imply more formality. For example, I just denied a Rental Application (du...
Hi all,Most of the landlords in my area have blanket no pet policies, which are rarely negotiable. Clearly, they're aimed at dogs and cats. Some are ok with caged pets (birds, hamsters, goldfish, etc.) while others ar...
Hi everyone, I have a question - strictly from a liability standpoint, which is better, holding residential rental property title in an LLC or just having an adequate umbrella policy? Has anyone ever heard of instance...
I've read several articles and discussions about how intentional damage from a Tenant is not covered under landlord insurance policies. I just received a policy from Statefarm and it also excludes intentional damage ...
Hi everyone,I have a 2 family in Milton, MA and one unit will be vacant on 8/1. I have a potential tenant interested who is currently on a full section 8 voucher. She told me she has an 8 yo and a 13 yo daughter and w...
So CoVid showed up at the door. I have this tenant who lost a job and not paying. I offer her reduced rent for few months. The issue is she went into hiding and not responding to my letters or calls. The truth to be t...
Right now I'm managing about 85 units and am trying to get more of a "company policy" in place so that I can streamline my business. If the tenant is not paying rent, when do you guys send out Notice of Default lette...
If I have a primary home how do I get renters insurance on the property? I’m looking to rent it instead.