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Hi BP! Closing on my 2nd property and plan is to eventually rent it out. My question is should I insure it as a secondary property or rental property? My loan is a secondary home/vacation home not rental property. Wil...
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I currently have Allstate Insurance for my rental property but i was told that i should change insurance companies because they do not cover non-owner-occupied properties. What Insurance company is best and what do ya...
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Currently, I required them to have $100,000 in liability insurance. Would love to know what limits other LL are requiring. Property is located in Broward County, FL.
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From what I've read in the forums it seems that conventional wisdom here is it's best to hire only contractors & handymen that are insured. I adopted this perspective when I started as a landlord as I tend to trus...
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Hi All,I was wondering how a landlord can enforce the requirement that a tenant purchase and maintain renters insurance with a certain limit of liability throughout their tenancy. What if they move in and don't get it...
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Hi BP community,
First, I want to express my deep gratitude for the time and effort that you dedicate here to helping others get into real estate investing. Thank you for sharing your knowledge and helping make infor...
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I have two properties in Jersey City. One is a condo. I'm going to confirm how much of the dwelling is covered by the association but what is a good rule of thumb on telling how much it would cost to redo the fixtures...
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Contractor agreed to replace my roof if insurance would pay for damages. He came to my door offering his service. To my surprise the insurance company agreed to pay $21,000 for damages. Our contractor quoted us $20,00...
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In my apartment complex I received a notice I was out of compliance with my renter's insurance and I had 3 days to vacate or provide proof. It seemed odd considering I paid for a full year and gave them my information...
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Good Morning All, Short Version: I'm looking for a CPA, Lawyer and Insurance Agent in the Greater Rochester NY area who are knowledgeable about and experienced with real estate investment. The goal is to find people w...