Help fellow BPers!Here is my situation: my father is trying to retire and owns an auto repair shop in Madison, Wisconsin free and clear. It is about an acre in a high traffic area and would be a great place for condos...

Hello all. I’ve taken over management of a commercial shopping center (from my dad who passed away) over the last 2 years. Steep learning curve. This week we had a water line rupture. Several of our tenants had to clo...

I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...

Like many folks, I've acquired various policies over the years, ranging from multiple life, LTD, home, auto, umbrella, and others.  Now that I need to cover my new real estate venture, what's the best way to get a com...

Hey guys, I've been looking for some good software/apps that provide me a quick dashboard/visualization of my investment portfolio and returns to date (owner of a number of single family homes) Ideally I want it to do...

Hello everyone, I am looking for advice on my insurance coverages.  If I put two rentals under my name what kind of coverage do I need to get to protect me from anything that could happen (personal injury lawsuits et...

If you own rental property and also have a full time job, but you do not have an LLC (or any business for that matter), can you still deduct a car lease from your taxes? My girlfriend is a realtor, and when she didn't...

I just got a call and a picture from a tenant that a tree branch fell on the roof, part of the branch is still loosely attached to the main trunk of the tree.The branch itself is the size of a small tree with the diam...

Long post alert! (Worth the read though) I hope that you find the below information useful and I hope that it helps explain what is happening in the insurance world today. It won’t matter what carrier you are with, th...

Hi BP,

Looking for a little advise on how to answer tenants regarding break ins in both cars and units on the property.

We just acquired this property 3 weeks ago and had our first break in last night.  We have ...