Chad Ramsey
Does a short term rental need to be set up in a LLC?
I'm under contract to close on my first short term rental (vacation home..AirBnB)... I understand the LLC would be helpful if ever I sold the place so there is no need to re-permit. Any tax implications? Any other con...
Julia J
Snow removal
I own a small building with 5 units. Each unit has its own entrance. Should the tenants be responsible for pulling the weeds for the piece of land belonging to the apt they rent? What about snow removal and salt sprea...
Andrew S.
2nd deal, commercial & umbrella policy options
Hey BP!I have a question about insurance policy selection for my second deal. It's a 6 unit commercial property with 3 buildings: 2 single family and 1 quadplex. I'm curious on what others have selected for their pol...
Travis Hargreaves
Rent to a person with one large pet
Hey everyone I have a quick question. I am renting out a single family home on a corner lot with 0.4 acres. A tenant meets all of my minimum qualifications, except a large pet. She has a "Great Pyrenees, 90 lbs, 6 yea...
Steven M.
What Subtle Things Might Trigger A Permit In Rehab (L.A., CA)?
As a former home builder and land developer in Los Angeles County, I am quite astute to knowing how and where to submit plans and pulling building and land-related permits and all the fees required to do such work. Th...
Kevin Y.
Question on Type of Insurance
Hi,I own a property that is under my name and two other individuals. We plan to do long-term rentals on the property out for most of the time. We are concerned with personal liability on the property, say if someone i...
Evina Nonato
Remodeling Advice on a Rental Property
Hi,
I have just bought my first rental duplex. My goal is to live on one side and rent the other side. Any suggestions about how to remodel in a smart way that would attract tenants and increase home value but not ...
Chris M.
Can someone name litigious items that insurance won't cover?
Recently I've been listening to Marco's podcast, and he had a guest on that mentioned "toxic mold" is not covered by liability insurance, or umbrella insurance. As someone who's looking into purchasing his first renta...
Jared Lichtin
California Short-Term Vacation Rental
I started a brief discussion of this in the BP Pro area, but wanted to get everyone's take on this. Bit of an unconventional project that I am seeking to jv with someone. Interested to hear your feedback. Brief specs ...
Harley Cedoit
LLC on a rental property
Should I put my first rental property (single-family house hack FHA) in an LLC