All Forum Posts by: Lucy Smi

@Sushil Sharma

It’s already expensive.

We have a couple upcoming projects to do:

Paint interior walls

Power wash driveway

Replace rug with laminate floors, etc

Anyone knows a good handyman in St Pete Florida at a reasonable price? Also looking for recommendations on a painter and a floorer. Thanks.

@Adrien S.

Not sure if Zillow allows people to remove the property pictures once posted.

I don’t seem to be able to delete my Zillow pictures. I claimed the property and click on “edit phones” and then deleted the pictures on my portal. Pictures are gone under the landlord portal but the pictures are still visible in the public view even after many weeks. Any idea?

@Adam Azam

Thanks! Not sure it makes any difference: Our insurance is on replacement value, not depreciation value.

Our roof is 22 yrs old. We received the “replace roof or we will drop you in 2 months” letter from the insurance company. A recent storm led to a new kitchen ceiling leak. We have evidence of storm or wind damage on the roof according to the roofing company that quoted us.

Now we are struggling to decide if we should file an insurance claim for a new roof. Three things to note:

1. We started the insurance as “owner-occupied” when living in the house years ago. It is now an out of state “rental”. We never updated the insurance.

2. Our tree brunches are overgrown. It’s hard to tell if the brunches caused some of the damage.

3. We were told an insurance claim for a new roof takes 6 months, and that’s beyond the 2 months we are given, especially when we have an active leak.

Question: Should we file a

Claim for a new roof or should we pay for a new roof ($12k)? Will our insurance premium increase after this claim?

We are getting ready to close on an investment duplex in one week but now it seems it won't happen. Any suggestion would help at this point. 

Background: I couldn't qualify for a mortgage on my own two months ago and had to bring my husband on the loan. For me, it's important for me to be the only and sole person on the title and the deed and that's my bottom line from the beginning. The lender said it would be fine after he checked with his attorney. 

Now fast forward to today two months later, the lender just said my husband has to be on the title and the deed as well, and I can do a quitclaim after closing to remove him. I thought (1) the lender misled/lied us during the loan process and (2) I don't want to do a quit claim after closing because it may involve a refinance or some other complications. Anything to do at this point other than letting the purchase fall apart? 

Does anyone know if a co-borrower or a co-signer has to be on the title or the deed? Or should try a different attorney? 

We got a quote for an investment rate. Is it good in today's market: 3.5% + half a point for 30 yr conventional?

One of my tenants wants to move his 90 year old mom into another unit of ours near him. She will pay her monthly rent out of her trust. What are the things we should consider or ask or note when renting to a very senior tenant? Should we ask him to co-sign or guarantee? He mentioned his mom might pass away there. 

@Greg Scott

Yes, even after adding 75% of the expected rental income.