Hello everyone, My business partners and I are trying to find the best avenue to go down in terms of forming an LLC or an S Corp. One of my business partners lives in Washington D.C. while me and another business part...
Even if the effect is negligible and marginal, I am curious if obtaining a HELOC does, in fact, have a negative effect on someone's credit and score. If there is an effect, does the amount of the credit line also det...
Can anyone give me some guidance on insurance for rentals. Do you notify the ins co? Do you convert to a rental property? If the tenant is negligent does the insurance still pay out? thanks
What policy requirements do you have for your renters? Thanks for the input!
So I hired a company to pressure wash my apartments (8 units) in New York State and the guy fell off the roof. He broke his ankle. Couple months later I get a letter from an attorney saying he is suing me due to my...
I am very much an aspiring investor in Grand Rapids and West Michigan and am checking off my list of needs (CPA, PM, capital, lending etc) but one area that keeps tripping me up is asset protection (i.e. umbrella poli...
Hi All! I am new to BP and getting a crash course on being a landlord. Please let me know your thoughts!After living in our home for 20 years in NJ, we decided to move to FL and rent out our NJ home last summer. Th...
Hi All,
I own properties in Bay Area at CA.
I recently got a letter from a lawyer claiming that I was negligent with maintaining the sidewalk, which resulted in his client trip and fall over it.
There are no mentio...
A worst NIGHTMARE come true. A tenant gets hurt mowing the lawn on the rental property.How do you protect from a lawsuit?Do you add something to the lease to protect yourself?
BP Family,Have you ever had a tenant that always calling you to do a maintenance? Or consistently finds a problem for minor repairs? What have you done differently to reduce the numbers of complaints that something th...