I have a four unit building and i was told by one of the tenants that she recently got a mouse infestation. I asked the previous property manager and she said that it happens every year, and that since the property is...
Hello,
I am very new to real estate, but have been reading a few books, blogs, and listening to the BP podcasts over the past few months. I bought a home last summer, and am currently renting out a room to a...
Hey All, Hope you're all doing well. In a few words, here's my story. I recently purchased a three-flat on the near west side of Chicago. Our inspection uncovered that the smoke detectors were battery powered. After t...
Hi all,I'm reviewing property manager bids, and in a couple of contracts, I've found the following clause:Carry and pay for: (i) public and premises liability insurance in an amount of no less than $1,000,000; and (ii...
I'm preparing to list my first mid-term rental (and first rental overall) shortly! Is it normal to require renters insurance for a mid-term rental?
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jensen Beach.
Purchase price: $179,000
Cash invested: $15,300
I bought my first property at 3.5% FHA with 2 inherited tena...
As I've started to analyze some properties I have wondered how others out there think about insurance. What kind of insurance do you all feel is an absolute must and what additional coverage is worth paying for (ex. l...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $408,000
Cash invested: $140,000
Complete renovation of the property. Converted outdoor workshop into casita / stud...
I tried to get an umbrella policy added to my home owners insurance and was denied due to a recent claim. What other insurance options do I have to protect myself from liability? Can I get an independent umbrella poli...
If a house is listed as single family, but has multiple units can they be listed for rent and rented out?