Daniel Jaros
Do I really need a "Builders Reno" policy?
Hi. I am about to flip my first house and I'm already learning a lot. I just got a quote from my primary insurance company. They said that I need a "builders renovation" policy. Renovations should take about 2 months ...
Gayle Eisner
Blow Me Down! Climate Change Coastal Investments
Greetings fellow investors.Climate Change is a topic that is not discussed enough on this forum. I have a couple of rental properties in the Monterey area that are about a block from the beach. Great rental income, g...
Daniel Hart
How to avoid liability if contractor is injured?
My insurance agent says that in my state (NC) a liability waiver signed by a contractor is not good enough. He states that the workers should have workmans comp, which will cost about $5k a year for someone earning $...
Kyle Ransom
Apartment Complex in Flood Zone
So I got an OM on a 70 units deal and it metioned that some of the building on the property are in a flood zone. Does it still make sense to invest in the property or walk?
John K.
toilet runs for 6 hours, floods garage
I just had a toilet run for about 6 hours (tenant was gone) that happened to clog, came home to water dripping in the garage which is directly under the bathroom. We started drying out the area right away. I'm not s...
Lee Hao
Upstairs leaking causing water damage...
Hi guys, first time post here. I have a first floor condo rental. Yesterday night, 2nd flr unit water heater was broken and dumped all the water to my unit. So I got wet carpet, water heater closet all wet, and wet li...
William Petrisko
Property damaged by fire, are unused insurance proceeds taxable? Tax implications for keeping vs. selling property?
I have a fourplex that was damaged by fire, thankfully no one was hurt.
For ease of the example, let's assume the following numbers:
Property was purchased for $150k. Insurance check I will get is $80k.
...
Deb R.
What do I look for in a titile company in Kissimmee, FL?
On the offer paperwork there is a section titled: TITLE EVIDENCE AND INSURANCEIt lists options for seller or buyer to designate closing agent. My RE agent selected buyer designates and says her company is affiliated w...
Jaime Botello
LLC
hello,I currently have two rental properties and I would like to set up an LLC to which I can transfer both properties via a quit claim deed. I have heard that in some cases the bank asks for the loan balance to be du...
Sean Leahy
mid term rental
I am writing to explore rental opportunities for a recently renovated property that has been 90% restored following fire damage. My goal is to make this property available to insurance companies, disaster recovery spe...