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Hello everyone,I am planning the purchase my first rental property out of state (most likely in Cleveland) and I am aware of all the risk involved in this type of venture when we talk about financials.Beside that, wha...
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So, I wasn't really sure where to post this (debated on putting it in Personal Finance forum - and if I don't get any responses here, maybe I'll re-post there) but it seems off-topic to me, so I'm trying here.First le...
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Hello, my neighbor wants to rent my 2nd home in California while she is remodeling. I was planning to use AirBnB to take care of liability and rent collection. On the side, she has agreed to pay for utilities. 1. D...
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We recently had a tenant move in to a new single family property, and she asked if gutter clean out is taken care of by us or her. I had not thought of this and was hoping someone could share what they do regarding g...
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What are some strategies you use when a seller wants to use their title company instead of yours?
maybe countering with other contingencies? or just stand firm with using my title company? Trying to lock this deal u...
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Hi.One of my tenants called the fire dpmt this morning cause she could smell gaz. The fire brigade shows up, conEd follows, and they find a leakage in the basement of the house (far away from the tenant's apartment bt...
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My rental I just purchased has one unit with a wood burning fireplace and another with a wood burning stove. In both cases the tenants have been using them and have grown accustomed to doing so. My handyman strongly r...
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Hi All,I'm new to notes and have been reading a ton. I wanted to get an idea on what the process looks like for you guys after you have purchased a note. What are your action steps?Day 1:1. Force insurance if one is n...
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Good day my friends I need some advice on an issue I have a tree that felt on top of my house the insurance covered all repairs I just paid the deductible. The issue I have is that I just find out that one of the wall...
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When buying an out of state rental property (our first one), would you recommend connecting with a local insurance agent or adding the rental property to your current insurance? We have State Farm covering our primary...