All Forum Posts by: Margaret Nagel

I have a question regarding future protection against catastrophic damage to a rental. We require that our renters carry renters insurance and we carry homeowners insurance on our rental property. Our tenant just flooded our entire downstairs of our townhome. This was discovered when the water finally made it into the adjoining unit. In the future, is there any further insurance coverage that we should have for ourselves or require of our renters to make sure that we are better protected in the future? We are blessed in the fact that insurance has covered most of the damage thus far, however we did have to cover $2800 of the deductible as the renters security deposit was only $2200 (equivalent to 1 months rent).

Any constructive recommendations for future changes to the lease or insurance coverage would be greatly welcomed.

Thank you!

Hello, First time poster, real estate investor. What method works best for finding potential renters and what do you require for move in....First, Last, & Security? I’m in the greater Seattle area and this seems like a lot of money up front? Thank you!

Hello, First time poster, real estate investor, unfamiliar with the 203k loan process. I am interested in purchasing a home that is offered as a cash only option as the owner is worried that the home wilI not appraise. I know the area, and this is not a concern of mine, however, the home needs quite a bit of work and I would prefer to go the 203k route as opposed to the hard money route as I would prefer to avoid the hard money stress at this juncture of my life. I would like to research the 203k loan process to see if this might be a viable option for this home purchase. Does anyone in the Seattle, Bothell, Everett, Mill Creek, Wa area know of a lender who deals with these types of loans? Thank you, Margaret