All Forum Posts by: John T.

If you San Antonio home is in a Home Owners Association, you should check the Covenants and Restrictions to determine whether or not you can rent your home for a short terms (i.e., AirBnb.

You will need:

1. Landlord's Insurance (property damage, liability, medical)

2. Umbrella Insurance (at least 1 or 2 million dollars for liability coverage)

3. Flood Insurance, if you property is within or close to a flood plane, or if there is any probability that the property will flood

4.  Renters Insurance - You may wish to require that your tenants to secure renters insurance with property and liability coverage of $200,000 or $300,000 dollars for property damage

Jennifer Skinner, Lone Star Property Management, 832.334.2982

You failed to perform proper due diligence before closing on the rent house.

Correct the problem now.  Hire an attorney and have the tenants evicted.

I require my tenants to buy and maintain Renters Insurance with $300,000 in liability coverage.  Just think about the worst damage a tenant can cause, such being liable for setting your rental house on fire or burning down your rental house and the neighbor's house, etc.

Billion Dollar U.S. Housing Rental Industry Under Attack

If you are investing with Matt Motil, the Cash Flow King, who has a biggerpockets.com account, your may wish to read the following lawsuit:

https://www.sec.gov/files/litigation/complaints/2023/comp-pr...

Melody Wright is a strategist, writer regarding housing, mortgage finance, commercial real estate and macroeconomics.

m3melody.substack.com
X.com = @m3_melody

Melody Wright says the Housing Market is set for a Category 5 Storm. Great video.

Housing Market Set For A "Cat 5" Storm, Worse Than The Great Financial Crisis | Melody Wright

The Book on Managing Rental Properties