All Forum Posts by: Eric H.

I am considering renting out a room in my primary residence through Airbnb. I have home owners insurance and an umbrella policy and I see that Airbnb provides insurance as well. I have done some reading and saw that my home insurance and umbrella won't cover anything if I'm Airbnbing. Would the provided Airbnb insurance be enough or would it be wise to explore business insurance options?

Very excited but also a little nervous. I'm buying a property out of state with a PM in place with a tenant until 4/19. Can't wait to start getting those rent checks! Then I will start saving for the next deal. Any last minute words of wisdom? Thanks for all the help over the past year or so with all my questions!

@Jim Walters I am all for buying and holding index funds and just now starting to buy and hold real estate. That would not change. However, I am thinking about adding some precious metals into my asset allocation to help smooth the ride a little during the next downturn. Would probably only be about 5% of my allocation or so.

For those that hold gold. How do you do it? Etf? Physical gold?

@Matt Millard Sounds good. How do you buy? Physical or etf?

@George Griffeth @Matt Millard I was also thinking about adding some gold to my portfolio. The question is how much? I was thinking about adding an extra 10% to 20% to my emergency fund and property reserves and putting that into gold. Thoughts?

It is well known that the economy, stock market, and real estate markets go through waves with ups and downs.  For anyone that was investing during the last crash, what helped you to get through it?  What is everyone doing now to protect themselves if/when there is another crash?

Found this in the insurance section of my PM agreement: 8.2. All of the policies shall name agent and owner as co-insureds as their respective interests may appear. Owner shall deliver certificates evidencing such insurance coverage to agent at execution of this management agreement. Owner shall cooperate with agent and any insurer in the making and delivery of all reports, notices, and other items required in connection with any of the insurance policies. Is this a common thing for property management companies to be listed on my insurance?

I was wondering if you can pay insurance yourself but have property taxes in escrow. Thanks

Great idea using YNAB for the properties!  I use YNAB for personal finances and absolutely love it.

How exactly would you use it for a rental property if you don't have a separate checking account?  Seems like you would need a separate checking account to create a budget for the property.  I suppose you could create a new category for the rental property and create sub categories for each line item.  Anyone have suggestions or can they share how they do it?