David Luu
Property insurance coverage amount while holding mortgage
If the property has a mortgage/lender, and the loan amount is greater than replacement/rebuild cost for property, is it better to have insurance coverage for the loan amount or the replacement cost?
I understand goin...
Xuanvu C.
Tenant locked the common bathroom (Los Angeles)
Folks,
I had 2 of my rooms on AirBnb and one room for a new tenant. I just discovered my tenant locked the common bathroom from the inside, as my AirBnb guest informed me.
I mistakenly did these things for this ...
Jason Thomas
Mold found during inspection period, should I proceed?
I am looking at a quad(2 on top 2 on bottom) which is in a very good location and put an offer on the property. Upon the inspection there seems to be an active leak in the upstairs bathroom for quite sometime now whic...
Bryan Vukelich
First investment by investor group a partner and I started.
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $860,000
Cash invested: $400,000
Sale price: $1,125,000
This property was #1 of #2 that was part of an es...
Dan Cox
Exchange Rules Purchase Home in Development Only Models Built
Hi, I have a single family rental home. It is almost ready to sell..rehab after tenant moved out.I would like to purchase a new home as a rental in a new development using the 1031 exchange process. I have done 1031 i...
Kayla Marek
Damages caused by tenant-wear and tear or gross negligence?
Our tenant from hell will finally be gone at the end of the month. Unfortunately, last night he broke the push lawn mower. Initially he told us the blade "fell off" while he was mowing. Under further review, it appear...
Tangie A.
Tree Guy Put A Hole In My Roof
Yep......just what the title says. I'm having a tree removed from one of my properties and the tree company accidentally dropped a limb which hit the roof and made what he described as a "hole" in the roof. I'm lite...
Brandon Sturgill
HVAC or New Appliances
If you had to choose before listing a property, what would it be?...in my predicament, they will both cost the same (for me anyway)...
Charles Mangum
Will filing multiple claims for roof hail damage affect my ability to get insurance on properties in the future?
In 2013 I had two claims at two different rental properties of mine for hail damage. I have a house now that I'm going to put up for sale in October. It clearly has hail damage on the roof. It is probably about ...
Alexis Terry
Bought rental sight unseen.. turned into a fix and Flip
Investment Info:
Single-family residence fix & flip investment in Virginia Beach.
Purchase price: $100,000
Cash invested: $100,000
Sale price: $290,900
Bought rental sight unseen.. house was ...