As a professional property manager myself, I understand the essential tasks that investors are looking for from their property manager, like rent collection, maintenance, and tenant screening. However, the role of a p...
Do You Require Your Tenants to Purchase Renters Insurance to Lease Your Property?
I am renovating a 4 plex that does not have a dedicated circuit for a microwave. It's going to cost me about $200 per unit to put one it plus the cost of the microwave.I am trying to determine the ROI of the additiona...
I am applying for a DSCR loan and am now a renter myself. I’m being asked to provide 12 months of cancelled checks in addition to a lease to prove that I’m renting. Providing a copy of the lease makes sense but havin...
In New Jersey,Is it advisabel to have me the landlord added as Additional Insured vs Additional Interest?What would any of investors here advise and why?Appreciate if any personal experience can be shared that trigger...
What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.
Installment # 11 – Insurance Issues for The Real Estate InvestorWorkers’ Compensation – Continued Pertaining to hiring contractors and third-party service providers, be certain that they carry not only “General Liabil...
What are some creative ways to get Additional Other Income from a high end multi family building? I may be running an 80+ unit in the near future.Laundry is included in each unit. Ways that we already implement are st...
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
In a work/money fix&flip partnership:
The silent partner provides $1M.
The working partner does all the work, including securing an additional $1.4M in financing for the LLC.
The working partner keeps 2% of the...