Megan Paquet Nelson
Hurricane/Flood and loss of Business Income
I have quite a few STR's that were decimated by flood/storm surge with Helene, and then Milton came to finish the job with wind. All of them are uninhabitable. It will take many months to remediate and rebuild. These ...
Tom R.
Whats you're credit score drop off for potential renters?
My first property is in escrow and I'm trying to get ready to evaluate applicants. I want to have a full set of standards before I start evaluating applicants that way I can prove I used the same qualifications for ev...
Petur Karlsson
How to find a mortgage broker in your area?
Hey everyone! At this point, I've cast a wide net and still no luck finding an insurance broker to "add to my team", so to speak. My rehab insurance is running out, my investment property is almost rent-ready and my c...
John Lee
Purchasing a note
Owner of a property I just purchased offered me another property. He set it up as note so he doesn't have to take care of maintenance, property tax and insurance. The note is only $180k with 4.5% interest. For some re...
Jon B.
Hold Harmless / Release of Liability Agreements for Rehab Contractors
Does anyone have a template they require contractors to sign before starting a rehab project on a BRRRR or flip? I only consider licensed contractors but have found that most reasonably-priced contractors are not bon...
Stacie Meeker
Rental Property caught on Fire
Words of wisdom in case this every happens to you:1. Before you file your insurance claim, contact a Public Insurance AdjusterNot only will you get a higher claim paid for damages, but they will help you determine da...
Abdul Azeez
Umbrella Policy Input needed
Folks - I have a primary home and two vehicles. In addition I own a rental property in Memphis, TN. I am now in need of an umbrella policy. I live in NJ. I am getting the feedback that both home and auto needs to be w...
Account Closed
What are realistic soft costs (in California) ?
Hi there,
Having trouble getting a grasp on what soft costs might really look like. This would hypothetically be a situation in which I'd pay all cash for a 150-300K house, then rehab and sell. Also excluding repair...
Chuck Brickman
Contractor Liability Waiver Form
I understand that the "gold standard" is to ensure every contractor has liability and worker's comp insurance and that I have renovator's insurance on the rehab property.
That being said, what are your thoughts on e...
Adriel Watts
Piece of garage ceiling fell on tenants car
Apparently a disposal got blocked in my rental. It got backed up and caused a piece of garage ceiling to fall. Tenant claims car was damaged got estimate stating 4800 in damage. Tenant is asking for reimbursement. ...