Insurance & Taxes Clause – clarify who pays property taxes and insurance (usually the buyer) and what happens if they don’t.if you’re the seller, make sure you record the lien — don’t just hold a private note and trust the buyer to pay.

I realize that I need to get some documents from my GC and have him sign some contracts before we start officially working together but want to make sure I'm not forgetting anything that might put me in a bad situation. 

It could be a number of reasons:1) The prior carrier will keep an existing policy but not write new ones2) The property was insured a while ago (possibly before a major underwriting cliff like 100+ year old construction) and the home won't qualify when underwritten today3) The home needs update that disqualify it from more competitive carriers

Hello BP,I am currently helping a newer investor with getting low-cost insurance for a multi-family property acquisition.

For larger portfolios, can you share your insurance broker contact?

IMO, no amount of insurance savings will generate a reasonable ROI on replacement windows.

Insurance companies are weird.  

I  have an insurance agent that handles my cars and rental properties.

Here’s how it actually works: insurance companies often do list both you and your LLC, and it doesn’t automatically pierce the corporate veil.

Does a person who is living in their primary residence and rents out additional bedrooms for long-term use need to have additional homeowner's insurance?