All Forum Posts by: Aaron DiCaprio

• 6 months rent reimbursement for skips, non-pays and evictions
• 3 months rent reimbursement for death of sole tenant, military deployment and court ordering lease break
• $1,000 reimbursement for legal expenses
• Average annual premium of $300 per unit - can be TAX deductible
• Apply for coverage and purchase on-line in minutes
• Submitting a claim and getting paid is quick and easy

Protect your investment at www.rentrescue.com and get PEACE OF MIND today! 

Our video: https://youtu.be/sTl9iQ6UZ8U

All good feedback for you to consider. I personally like turnkey for out of state investments. That's what my wife and I did for our properties in Denver and Alexandria, VA.

I also encourage you to explore buying rent default insurance that will reimburse you your lost rental income and legal expenses should a tenant default (which can be a huge headache in tenant friendly states like CA).  An average premium for a policy is roughly $300/unit, can be taken as a tax deduction and often covers up to 6 months of lost rent.

Best of luck,

Aaron  

Sorry to hear about your situation.  As the others mentioned, best to get an eviction attorney or wait for the sheriff.  Self-help can get you in hot water.  You may also want to consider buying a rent default insurance policy that reimburses lost rent and legal expenses when a tenant defaults (evictions are covered).

Good luck!

Aaron

The renters policy will provide coverage to the tenant and reduce some risk of having them file a claim against your insurance.  You should also have a property and liability policy covering your investment.  There are several insurance products specifically tailored for investors.  And you might want to consider rent default insurance at some point.  Good luck!

Good to have a backup insurance policy!

So Madrid is banning Airbnb apartments that don't have private entrances.  Has anyone seen any similar laws here in the US?  Seems like an unconscionable path they're going down.

Here's the article: http://ow.ly/KwX630oo5Kr

Do you have your own liability policy too?  With a $500K or $1M limit?  Tenants may let their policy lapse and if someone gets hurt, you don't want your personal assets to be in jeopardy.  Better safe than sorry.

Welcome to BP!  My wife and I are on-again/off-again investors and one of our first investment properties was in the DC metro area.  Continue doing your research and leverage the resources and network of BP.

Good luck!

Aaron

Landlords protect your rental income. Up to 6 months reimbursement when a tenant defaults (covers skips, non-pays and evictions). The policy also pays $1,000 of legal expenses. Average annual premium of $300/unit (can be tax deductible). Apply today: www.rentrescue.com

https://youtu.be/N5CnLrwi9c0

Some good advice from the group.  You may want to also contact this CT law firm which likely has advice on strategies you can use now or with your next tenant: https://landlordlawfirm.com/.

Good luck!