 Is this house worth buying? |
| Ok..this house is brand new..about a block from my house..anyways it has imported marble, stone outside on the walls (not typical of this area), wood floors, updated kitchen...anyways..its only 2,750 ... |
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 What factors are included in figuring out an appraisal for a home? |
| We just bought a house and wanted to know how they determined was the appraised value was.... |
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 Can my landlord legally demand my Social Security number? |
I live in Arizona and my landlord is affliated with Realty Executives.
Additional Details
I have already been renting from this individual. We have a new lease because of rent increase.... |
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 Buying a New House. So Expensive!? |
We are in the process of buying a new house (first time buyers). It is soooooo expensive.
Solicitor £1000
Survey £250
Arrangment Fee for the mortgage £500
Is there ... |
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| The renters car was in the driveway and a big tree blew over(tree was dead) and crushed the back of the car.... |
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| How can I get financing to buy a larger home and keep my current as a rental? |
| I'm having a hard time ignoring the free fall in housing prices and mortgage rates. Ideally, I would like to purchase a new home and keep my current home as a rental. Am I crazy? Could I ... |
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 My best friend just got her baby home from the hospital today after being their six days...? |
| and when they got home they had an eviction notice on their door. is this legal to hang an eviction notice on someones front door? is it legal to start the eviction process when they are only ten ... |
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 Can anyone tell me how to officially give my tenant notice to leave? |
I have a tenant that I have no problems with but I want to sell the house.
The tenant is aware of the sale but would like me to put it in writing.
How do I politely give the tenant notice ... |
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 Where can I get a poor credit refi? |
Briefly here is our situation:
-our daughter had some medical problems & we got behind
-through the Hope Line, our mortgages are caught up
-we completed Consumer Credit C... |
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 Any ideas where to start when buying a house? |
| Ok, my husband and I are wanting to buy a house. We already have one in mind. It belongs to a friend of the family. They want us to buy it, also, because they know we'll appreciate it. They have ... |
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 How long do I have to have used land before I can cllaim ownership? |
| I have used strip pf land beside field for many years, it is enclosed within my land, now claimed to be owned by another although never used by them. What process do I need to go through to claim ... |
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 Can my landlord put my things out? |
| ok my landlord gave me a 5 days notice ,i haven't paid rent since march and the notice says if i don't pay before 5/31 my possessions will be terminated. but she delieverd the paper her ... |
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 Moving in a couple of years time, reccomendations please..? |
| Me and my partner want to move out of Coventry (pretty self explanatory lol ), but want to be by the beach instead , were hoping to pay about £300 - about £500 really stretching it , 2 bedrooms and ... |
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 My parents are buying real estate in both their names but cant be there to sign for the closing? |
| Can they both give a power of attorney to one person and have that person sign for both of them?... |
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 I would like to purchase a home with my stepbrother but I am married.? |
| My husband is in the process of foreclosure ( i am not on the loan) I work full time as does my step brother credit is not that bad combined annual income in 90k the only debt that i have is a ... |
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| I have six months left on my lease, when can I start looking to buy a home? |
| I talk with my landlord about breaking the lease to buy a home closer to work. She told me that I will have to pay for the remainder of months, which is $875. So pretty much i will have to wait it ... |
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 How many days/months must you give your landlord before moveing out? |
I want to move out due to things wrong with the apartment (to small, basment) how long do I have to let my landlord know?
Additional Details
My landlord never gave me a copy of the ... |
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Adam | Should I require my new tenant to get renter's insurance? |
I'm renting out my house for the first time. Should I put in the lease that I recommend they get renter's insurance, or should I require it? I'm not sure if that will scare them off. I already chose on the tenant and we are signing the lease later today. We have not talked about renters insurance before, and I just realized that today.
Additional Details
I live in California. Does anyone know if it's illegal to make it mandatory, I don't htink it is here. Also, I am meeting them today to sign the docs, it's too late to require them to show me proof but maybe if it's on the lease it might protect me more? |
 |
 
Real Estate Guy
|
I would DEMAND it. There is NO reason that they shouldn't have insurance - unless they can't pay for it. In which case, you don't need or want them as a renter. Renters insurance is cheap. Less then 100 bucks a year.
Just put it in the lease and don't give the keys until they provide you with a policy binder and receipt that they paid.
Require that they give you a yearly update on the insurance. |
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chatsplas
 |
GOOD IDEA. At least state that contents are NOT covered by your insurance and that you recommend tenants get renters insurance. |
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SmartA$$
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You are probably safe if you say something in the lease that the tenant's items are not your responsibility nor are they covered by your insurance, and recommend that the tenant carry renter's insurance.
However, if I was renting out my house, I wouldn't accept "probably safe." I would demand "guaranteed safe"
Its very normal to demand renter's insurance and require proof. I suggest you require that they show proof of payment, and even make the lease void if the renter's insurance policy ever expires. Make them show proof of payment each time the previous payment period is about to expire. For example if they prepay for 6 months, then demand to see proof of payment again in 6 months.
Another option is to just put it in the lease that they have to pay an extra $20/month toward the cost of renter's insurance. Then you buy a policy for them and make sure the payments are kept up to date. |
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golferwhoworks
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not required but yes tell them to protect their stuff they may want it as it pretty cheap |
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Anna E
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Depending on the laws in your state, I'm not sure you can require them to get renters insurance. I would write and print out a statement to the effect that you discussed with them the benefits of getting renter's insurance and that you are not responsible for any losses to their property. You both can sign it and you can give them a copy as well. |
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smedrik
 |
You should absolutely require it.
There may be instances outside of your control like "acts of god" especially in California where you are no stranger to the occasional natural disaster.
Certainly you have your property covered, however tenants tend neglect to cover their possessions, and in the case that the home is for some reason damaged along with some of it's contents you do not want your renters trying to sue you (even if it is outside of your control) |
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John S
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A strategy that we have used in our lease is that tenant insurance must be provided and kept in force before they get the keys. Think about it- who has more dollars if there was ever a loss- the tenant or the insurance company! It is very affordable and its asset protection for the tenant and the landlord. For only a few dollars a month, even if you pay them back you are way better off having them obtain it.
Great source for tenants insurance is http://www.insuranceria.com/homeowners-insurance.html |
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claudiagiraffe
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OMG! YES!!!!!
Of course, you can put it in the lease and they can cancel it after they sign it. You won't find out until they burn the house down, right?
Never underestimate the amount of damage a tenant will do to your SFH. |
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Marysue
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Renter's insurance covers the renter's property. There's no benefit to you. I can't see how requiring it would serve any purpose.
You should always reccomend it to your renters though. |
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Howard L
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I believe renters insurance does not cover any parts of the building. It only covers the tenants property within the house plus liability if someone is injured while in his apartment due to his negligence. I'm not positive but I don't think there would be any benefit to you as the landlord so there's probably no point in requiring the tenant to have it. You should probably check with your insurance agent in case your states laws are different. |
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