Leighton Adams
malicious mischief by tenant, water damages multiple condo units
A tenant caused water damage to my mid-level condo. The water went down to the lower units and caused water damage there. My insurance is covering her damages to my unit under a malicious mischief claim. The damage wa...
Shayla Fletcher
Flood zone help needed
Can someone explain the risks of purchasing a home in a flood zone? I am working on a condo deal (8 units) that cash flows two thousand dollars after all expenses are paid. I received the appraisal yesterday and it in...
Nikola Magdelinic
Foreclosure - Code Violations - Lis pendens
Good afternoon to all ! I am analyzing 1 property which is listed on Hubzu auction. I found out that there are multiple code violations on the property and the seller (DEUTSCHE BANK) received LIS PENDENS from city Chi...
Pandu Chimata
Arbitrage lease agreement template
Hello team, Greetings!If some one has short term arbitrage rental lease agreement template, can they share it, please? I am contemplating on the idea of renting to an investor.
Wesley Weisberg
Seeking Advice, Mold, Former Tenant Suing
What have other land lords done when former tenant sues for mold?? Have a bad situation where former tenant unjustly is suing for mold. Insurance does not cover, nor does umbrella coverage. Insurance attorney recommen...
Marcin G.
interviewing....
I have started interviewing GCs for the property I plan to rehab. I have prepared a detailed scope of work and every time I meet with a new GC I explain what I need to get done and I give SOW to them. Then we discu...
Nick Dillaha
Flooded rental property advise!
Hi BP!
About a week ago my tenant called at 11:30 at night stating the toilet upstairs was overflowing and is seeping through the first floor ceiling. To summarize, all of the upstairs laminate in the master bed, ha...
Lauren V.
SFH to LLC - Quite Claim vs Warranty Deed
We have 2 SFHs. One in VA and the other in GA. We're transferring both properties to separate LLCs. The VA attorney is using a warranty deed to transfer our old house into an LLC. The GA attorney said it's "safer" t...
Jack Stone
AZ - potential damage to tenant personal property
Recently we did some repairs on the property in AZ. The tenant said “potentially” we damaged their personal property. They have been back at the house for a week and have made no mention of it. They are asking for mor...
Ashley Wilson
Why Insurance, Not Interest Rates, Could Be the Real Threat to Multifamily Housing
From rising interest rates to rising insurance costs it seems like hits to multifamily operations just won’t stop. Several years ago I said that certain natural disaster areas could potentially become uninsurable. Wel...