Daniel Murphy
Are you PM's having yourselves named as "additional insured" on policies?
General question... When you manage a property for someone, do you require to be named as an "additional insured" on your clients property insurance or umbrella policies? Why, or why not?
Jun Hyuk Baek
Water heater leakage damaged next door property.
Hello,A water heater leakage went unnoticed for a few days and caused partial flooding in my rental unit and the neighbor's unit. Based on the neighbor, he had to pry up his carpet and had damage to the underlayer and...
Rafael R.
funding my renovation
How can I get the bank to fund my reno if I did not get a mortgage plus reno product ?
just closed on a property 3 weeks ago and did not get the reno added to the mortgage .
Derik Hammer
Lost rent from a fire
If my property burns down, the Loss of Use line item on my insurance would cover lost rent. However, would I be obligated to provide housing (hotel) for the tenant due to being in a lease or do they just need to find ...
David S.
Multifamily Property Insurance - Should I go for highest deductible possible?
With insurance premiums for apartment properties increasing so dramatically in recent years, I am leaning towards trying to save some costs by increasing my deductible to the highest deductible possible. For example,...
Paul Winka
When does Errors & Omissions insurance come into play at settlement?
Just as title says. I have always heard of this insurance but haven't known anyone that has been paid out by it. Reason I ask is some water bills were double paid (by me out of closing and by title company) and the wa...
Brandon Kegarise
Purchase Contract Breach _ Multifamily
Hello BP Community. Needing some insight on a first time situation. I currently own and operate 9 SFHs and (1) 4 plex in the ETX market. On 2-19-24 we put under contract 5 duplexes (1.398M) to increase our rental p...
Chris Troutman
Landlord as Additional Insured vs Additional Interested Party
The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, personal property and personal affects in an amount not less than $10,000.00 and liability insurance coverage in an amo...
Account Closed
The making of an expert.
I have gone to re clubs and trainings by expets/ gurus over the years. It seems to me that what gives a person confidence is doing deals.The more deals the greater the confidence.The more deals the greater the income....
Maggie Nickerson
Assining your LLC
Good morning,When wholesaling a REO property, can I assign my membership rights of a Delaware LLC that includes a Maryland property or do I need to have a LLC created in the same state as the property is located?Th...