Hello!I have 3 STRs in my personal name and I am switching them to LLCs. I know there is debate on whether or not one should go the LLC route, but I have committed to this and set up LLCs. When getting insurance is i...
I’ve searched the forums but can’t find an answer. I’m hoping a season investor or CPA can chime in.I currently hold title in my own name and have a mortgage in my own name. I’d like to sell my property in a 1031 exch...
Good afternoon,I am renting out my first property and it seems like it is important for me to require renters insurance from the tenant.What would you say to a tenant as to why having renters insurance is a benefit to...
I'm the primary insured, but my PM wants to be included on Liability policy. Has anyone heard of this?My insurer refused to accommodate the request saying they've had problems with PMs named in their policies, althou...
I finished a remodel for a lady in texas. At the end of the job she refused to pay the final bill stating, "i am disputing the bill so I do not have to pay all of this". She then began to claim items that were not p...
So I signed a lease with my landlord and it states I have to get insurance through a specific insurance agency and to list him as additional insured. Is this legal? Shouldn't he have home owner insurance for this? I a...
Hi, I'm hoping someone could help fill in some knowledge gaps for me. I recently acquired a property through a tax lien and it has now appreciated in value. I've started my own LLC in South Bend Indiana and I'm planni...
How do I set up in a lease, to protect myself (landlord) from tenant putting together a lawsuit against me for property damage during unforeseen circumstance like fires or earthquakes etc. when they didn’t purchase re...
Do you require your renters to have renters insurance and if so what is the amount of coverage? Do you have yourself named as additionally insured. Any other requirements?
Hi everyone,One of my tenants who moved out a few months ago is threatening to sue in small claims court. I really don't think he has a case, but I'd rather avoid the headaches and legal fees. Is it legal to simply tr...