John T.
Large House Fire, insurance / tenant questions
Two nights ago the only house I manage that I don't own (favor to my GF) had a large fire causing large amounts of damage. It was from old wiring in the house that caused it and I'm glad nobody got hurt. I have a lis...
Lowell Bailey
Short Term Rental Insurance
Hi All,We are under contract to purchase a 2-unit home in Chittenden County. Our initial plan will be to rent the upstairs unit to longterm renters and to rent the bottom unit as an Airbnb. The upstairs tenants have...
Art Maydan
Landlord Responsibilities, R&Rs, Drip Pans
Hi Everyone,I’ve got a few unrelated questions I was hoping to have answered: 1) It’s my understanding that it’s the tenant’s responsibility to change HVAC filters and carbon monoxide detector batteries every 6 months...
Ethan Painter
Placing Rental Properties in LLC's
Up until this point, I have only flipped houses, but I want to begin searching for rental units to purchase. I have heard it is best to start an LLC for each rental property you purchase, so that if you get sued, they...
Xavier Mike
Water damaged my unit from the exterior due to gutters
I live in a 36 unit 3-story condo in seattle, wa. I am on the third level. The building was built in 1956 and then in 2008 it was renovated into condos. I purchased my unit and moved in in 2014. It is a 1 bedroom 500 ...
Terrill C.
HOA Community Insurance vs Individual Owners' Coverage
So our HOA general liability policy covers the exterior and interior of our townhomes, excluding personal property. This policy is written to insure our homes at 100% value. Outside of this, each homeowner carries ins...
Ryan Fennick
Loan question does this sound right?
My partner and I are in the process of securing financing on an investment property. Purchase price is $48,500. We are putting this property in under our LLC. Lender terms are 25% down, 5 to 5.25%, 5/1 arm. They t...
Gurjot Grewal
Things to look out for with a title agency ?
I'm purchasing a home all cash. In OH the seller gets to pick the title company and they cover the fees including title insurance from my understanding. I'm sending a large sum and want to be cautious. This is my firs...
Samantha Soto
insurance for 5th property
We have a 4plex under contract right now. We will be using an FHA loan and moving into one of the units. The property is actually two duplexes on the same lot. I am being told by insurance companies that we will ne...
Marc Cleverley
Insurance Needs
We are getting quotes for liability coverage as well as builders risk. We indicated to our agent that we would has very few contractors coming in, as most of the work would be done by us. She came back with a $5,000 l...