Dave G.
What's the deal with Replacement Value?
I was just doing some due dilligence on a proprety and I spoke to my Insurance Company (USAA), and had a mild heart attack when they told me how much it would be to insure. 1st I ran it online and it came to be ~$6k/...
Matt Faix
Hit and run at duplex
Hi All - Yesterday we had a car run off the road and onto the property of our rental. Luckily it didn't hit the house, but it caused some damage to the sidewalk/railing. Nothing too major surprisingly, but the driver ...
William C.
$10k in water damage caused by tenant. Advice on how to handle.
We own a SFH long-term rental. We self-manage. We have good tenants in there entering year 2 of a 2 year lease. One of the tenants hung a picture on a wall, puncturing a water pipe. There was a leak and about $10k in ...
Peter Sik
Roof replacement needed, should I file a claim?
Got 2 reply from roofers, they found significant hail & wind damage to the roof which contains x2 layers of shingles and can not be repaired. So total roof replacement is needed , cost about $10000. Want to know...
Joseph Leonard
Tenant's Car Damaged by Lawn Mower Company - Who is liable?
I have a duplex where tonight the lawn mower company that I hired hit my tenant's vehicle side mirror with his lawn mower and knocked it off. The tenant's vehicle was parked on the street which butts up against the ya...
Jim Brozny
Should the contractor get the entire payout?
I filed a claim with my insurance company for wind damage to the siding on one of my properties. At the last minute, I called a contractor to meet the adjustor at the property so they could inspect it together. The ...
Sandeep Majumder
Fire Damage / Probate / Foreclosure Property in Houston
Hi everyone, I have direct contact with a seller in a unique situation and I was hoping for some guidance. Her father's property took on heavy fire damage early last year, and before he could go through the process wi...
Sage Jankowitz
Do you adjust your property insurance as your loan is paid down?
I'm reading a book right now that suggests it might make sense to lower your property insurance as you pay off more of your loan. So if you take out a $200K policy to cover your $200K house, but then pay down $100K of...
Kenny Isberner
Transferred Rental to an LLC and now the bank is giving me issues
I recently transferred a college rental property into an LLC. I also transferred the insurance policy to the LLC instead of my name. So the insurance company forwarded that information to the bank which my mortgage is...
Matthew Gunderson
Insurance quote 20% higher than last time last year - Iowa - any ideas?
I own a multi-use building on main street in Mount Vernon, Iowa, 2 story with retail on first floor (restaurant) and two apartments upstairs. Built in 1890. Last year I paid $3,258. This year they are quoting me a ...