Robert Biggerstaff
Reserves for a rental property
What do you personally keep in reserve for each one of your single family homes? For my area and the value of my property as it seems prudent to have no less than 1500 in reserves for each property.
Tyler D.
How do RCV and ACV insurance policies work in this situation?
I'm In the process of insuring my first property. I found a company that is willing to do ACV (Actual Cash Value) or RCV (Replacement Cost Value) insurance and will give me quotes based on a calculator where I can inp...
Chris Milosevich
Should I use a Public Adjuster? My roofer thinks so.
A roofer is asking me to hire a Public Adjuster (PA) to negotiate a hail claim with my insurance company. The roofer sent me a 1/2 page contract that would let the PA work on my behalf for $225/hour with no cap. I'l...
Santhosh Ramani
Warranty for investment properties
Hi Folks-I'm about ~1.5 years into passive real-estate investing (mostly purchased rehabbed homes); I currently own a few cash flowing properties in the likes of Memphis & Little rock. It was a relatively smooth s...
Jane Dang
Roof Replacement on Rental Property
Hi,My rental property's roof is 20+ years old. Last year, a heavy rain and storm damaged it and I had to replace the entire roof which costed me $21K. I understand that a roof repairs can be deducted as expense in t...
Eddie Torres
ADU & Property Value
So I recently had a conversation with an appraiser and he basically confirmed what I already have heard regarding ADUs based on research. He said that basically any home that he appraises that has an ADU built on it, ...
Joshua Hollandsworth
Up for a debate? Prove me wrong.
I know the title is awesome. I would like to hear from all of you, the professionals! Though I am a newbie, please don't assume that I haven't done my due dilligence. I have been studying real estate for a few years. ...
David Nacco
How do you handle reserves on your rentals?
So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...
Dennis Moore
Percentage for your rental properties
Hello, I wanted to know what percentage is good to save for like your Cap Ex, Vacancy...ect
Katie Neason
Insurance for an HOA-new Townhome development
I just finished phase I of a small Townhome development. I have set up the HOA and CCRs. The HOA covers roof repairs, common drive and fencing. I need to get a property insurance policy for the HOA to cover these item...