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Hi BP Team - hope everyone had a great holiday :)Doing my yearly lease update for my current tenant in Bergen County NJ and wanted to get someone's take on adding additional jargon pertaining to "house maintenance". I...
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Done researching and want to come to the most efficient strategy for handling rental properties. Here it is... w/ questions. 1) Put single family rental properties in their own Land trust 2) Have those land trusts OWN...
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Hello,
I have a landlord policy on my sfr, but the liability is at $300k. Is this too low? The property is in AK. What kinds of limits do people have for these types of properties, or per unit in mfr?
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Hello BP,
I am currently an owner of a single unit of a 10 unit condo building. The HOA is in search of an insurance company that is experienced with packaging wind mitigation, liability, general, etc. all in one por...
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Seller is open to sub2, but wants to buy 2nd house. Does their 1st house's debt count against debt-to-income ratio when they apply for loan on 2nd house?
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I was just informed by our State Farm agent they will not underwrite new multi family properties unless each unit in the property has two exits. We actually have a place set to close in a few weeks that this impac...
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Hi everyone,I wanna ask how you guys insure your real estate and what company to insure with,I have 3 duplexes and 1 fourplex ,just got off the phone with progressive with a shocking quote, wanna ask how much on avera...
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Hey BP,
So, we are under contract for a 12 unit property, specifically 2 6-units buildings. We are having a hard time finding insurance, and knowing what would be a good price for it here in central Illinois where i...
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I have had a property over two years with no issues with insurance. Made a claim for the roof and it was fine but then I had a renter commit suicide this year.
By calling and asking a question if bioremediation was ...
I was looking for an umbrella policy and have just about given up. After 3 to 4 hours invested I am having no luck.Always a problem.Over 10 rentalsWill not write over the current landlord policesNot available in my st...