So I've been told if I really want to be able to put my unit up on Airbnb there's a special type of insurance I'll need. Can someone confirm this? I've had a tough time going through their site on this.
Hello we purchased a home in December. Initially citizens insurance approved it but then told us they were going to cancel Our policy is the roof was not repaired within 25 days. Then they said they would extend it to...
I just acquired my first STR and am working on getting the proper insurance in place. I used a secondary home loan so the property is in my name and not an LLC. I am wondering what kind of coverage I need and how to s...
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
I have recently finished my basement out with a full apartment. I have listed it on HomeAway and Airbnb. We have had great interest and have had 3 short term booking and 1 booking for 19 days within 1 week. This is ...
Hi, I am buying a house in Richmond Virginia that I plan on using as a second home/seasonal home. I will stay there about a week or two a year and list it for short term rental the rest of the year. I am trying to get...
Almost %100 completed with construction on a fully renovated and fully furnished SFH . This SFH is located in the sticks! While attempting to put insurance on the property we told the insurance company this SFH would ...
Hi BP! I'm new to OKC and in the process of buying an investment property. Does anyone have a recommended insurance property insurance agent I can contact for a quote?The property is located in Mustang, OKC. Thank y...
I'm a rookie, so please be kind!
I have a medium term rental ( 3 month minimum as required by my HOA) I'm right next to a Level I and Level II hospital and I have my first pair of traveling nurses moving in at the en...
Re: Homeowners Insurance on a Real Estate Investment Property from a Lender’s Perspective
I am a private money lender. Amongst other things I always instruct the insurance agent that the property will be vacant. I...