Whether you are currently a landlord or a landlord to be, it is important to understand landlord insurance. If you own the property and rent it out, then landlord insurance is for you. These policies typically cover the dwelling and include owner liability protection with most providers. Read on to find out more about what landlord insurance can do for your business!

If a tenant has an accident and the landlord is found liable, landlord insurance would cover any damages to property, medical expenses and legal fees resulting from this incident. It also offers liability protection for you as a landlord. The amount of coverage available will depend on the type of policy you purchase and your level of risk tolerance; some landlords may opt for more extensive coverage than others because they own higher-value properties or rent them out to tenants with pets.

There are many types of landlord insurance available on the market today, so it can be difficult to choose the right one for your circumstance. The most popular landlord policies offer coverage against loss or damage with additional benefits like liability protection and living expense reimbursement in the event that tenants cannot live in their home because repairs need to be made.

Many landlord insurance policies cover losses to personal property if the landlord leaves equipment on the premises for maintenance purposes. This is a fairly new addition to landlord insurance policies that started in 2010, with large companies such as Standard Fire Insurance Company and Travelers Insurance adding this type of coverage. The landlord can choose from a variety of options for what they want their policy to cover. It's important for landlords to understand their policy so they know what it does and does not include!

Dwelling coverage: This type of policy typically covers the dwelling and includes owner liability protection. These policies are designed to protect landlords from financial losses if something should happen to their property, such as a fire or flooding. Landlords also need landlord insurance if they live in the home that they own but rent out other properties on the side.

Other Structures: This can benefit you by covering potential damages to structures that are not the home itself. This can include sheds, detached garages, and fences.

Personal Property Coverage: Many landlord insurance policies cover personal property on the landlord's property. This can come in handy if you have left some tools around to help maintain your rental and they get damaged or lost. Tools that are covered typically pertain to those used for maintenance, such as a lawnmower. Personal belongings unrelated to this are not covered under landlord insurance, so it is important to read over your policy carefully before purchasing it!

Liability: Your landlord insurance is a contract that you have with your landlord to make sure your property stays safe and secure. It's important for landlords to know what their obligations are in this situation, because they can be held liable if something happens on their property without them knowing about it beforehand. In order to avoid any legal issues, it's best for landlords to get landlord insurance.

Does title insurance matter? This is a question that many people ask themselves when they are buying or selling property. The answer is simple: yes! When you buy real estate, it's your responsibility to do research on the validity of ownership and title. If you don't, something could happen years later that makes your property subject to litigation or legal action. Let's say there was an error in recording documents when purchasing your home – these oversights can be difficult if not impossible to address at a later time. There are many reasons why title insurance matters; we've listed just a few of them below for you!

What are the most common reasons to buy a title insurance policy? 

You might want to protect yourself against any oversights when researching the title. 

  1. The property you're buying might have issues with ownership or title that could come up later. For instance, if there was an error recording documents at purchase, then it would be important for you to have a title insurance policy in place. 
  2. The benefits of having a good title insurance policy in place may outweigh the costs of getting one.

Title insurance is important for a lot of reasons. The process of purchasing title insurance does not take much time, and it’s usually not very expensive either. But if you skip the step to purchase title insurance, there are some serious consequences that can come back to haunt you. Title insurance protects your property against any unknown liens or encumbrances that may be on your title. This means that even if you think everything is good now, when something goes wrong with an old lien or encumbrance on your property, a home buyer could refuse to buy from you because they would have no way of knowing about this problem until they start looking into the property history in detail.

What does title insurance do? If there were any liens against someone else who owned the house before you, then sometimes these are not released when they sell their home and so there could be additional costs for clearing up titles or fees due if anything goes wrong.

If you are not sure, then speak to an attorney who is experienced in real estate law. This also protects the purchaser from any latent title defects that may have gone unnoticed when they purchased a house or property and if someone files a complaint against them because of it, then this type of insurance will protect them financially (in most cases). There has been some debate on whether title insurance should be mandatory but there are pros and cons for both sides so ultimately your decision would depend upon which side you feel would benefit you more.

This way, you can rest assured knowing all the proper documents have been researched and published at appropriate times to avoid any future problems with ownership or title. If something does happen in the future (which it never should) this coverage will take care of your investment so there are no worries! 

Owning rental properties can be a great way to make money. However, it's not for everyone. You need patience and discipline when you're running rental properties to ensure that the tax deductions and tax breaks are taken advantage of in order to maximize your rental income. It is important to keep up with rental property maintenance as well, this will help minimize the chance of break-ins or other problems which could lead to an eviction notice being served on you by the landlord.

As rental property owners, we are always juggling when to fix a leaky toilet or replace the carpets. But there is more to rental ownership than just these repairs. You need to keep an eye on your tax liability and take advantage of allowable deductions and tax breaks that can help reduce it. The rental property business has long been a popular way to make money. Whether you are an investor or a landlord, rental properties can be great for your bottom line. However, rental ownership is not without its challenges and risks. One of the biggest risks is that you'll lose money on one rental property while another performs well enough to cover it up – meaning you could have negative cash flow if a tenant moves out after paying rent late, causing the next tenant to move in early and pay less than what was agreed upon with their previous landlord. This situation leaves many landlords scrambling for answers like bankruptcy or selling off assets (like their rental properties) in order to get back on track financially. 

Rental properties have their own unique set of rules, rental tax deductions and rental property losses. The IRS offers a number of rental property tax deductions that can really help your bottom line if you know how to take advantage of them. Tax law changes frequently so it is important to stay up-to-date with the latest information in order to make sure you are taking full advantage of all available rental property tax breaks. 

If you don't currently have rental properties, it may not be time for a rental property yet.

– If the rental market is too competitive in your area and business slumps are common, then investing in an investment or commercial property might make more sense.

– If you're looking into rental properties because of tax breaks that only rental properties offer, then rental ownership might not be the best investment for you.

– If rental property is your only business and there are no other opportunities to diversify your investments in order to reduce risk, rental property may not be the right choice for you either.

Here’s how it works: rental property is purchased for $500,000. The new depreciation schedule (annual percentage) begins in year one at $18,0545 with the annual deduction of about 15%. In year two you can deduct around 31% and by year three your deductions will be close to 50%. For a rental property that has a rental income of $12,000 per year and it is depreciating at an annual percentage rate (APR) of 15%, then the deduction would be around $18,0545.

Tax breaks are also important to mention because they can be a big motivator for investment decisions. Some people buy rental properties in order to make money with rental income, while others invest because of the tax benefits offered by owning rental property. 

This is a complex subject. If you are looking for more information about how tax liens relate to rental properties, feel free to contact us: (833) 825-6800 – or email us at: support@unitedtaxliens.com

Tax liens are inherently a complicated subject. Especially when it comes to legal matters. You have to know the law and you also need attorney representation for any dealings with the IRS, which is not always easy to find. We’ve put together this guide on how to find an attorney who will work hard for your business, even when things get tough.

Search Online

Tax liens are a great way for real estate investors to increase their income. The question is: how do you find the attorney that's right for your team? Finding the right attorney for your tax lien team can be an important decision that is not to be taken lightly. A lawyer’s job is to protect their client and ensure that they receive the best outcome possible, even if it means going against what others might want. Finding a lawyer who will listen to you and provide insight on how to handle your situation is crucial when it comes time to hire someone. Searching reviews online for local law offices is generally considered to be the safest best practice in this regard. 

Be Sure to Conduct an Interview 

There are many considerations to make when you need a lawyer, attorney. You have to be sure that they specialize in the matters you need help with and that their personality meshes with yours or it will not work out. Not only do you want an attorney who is up on the latest laws and regulations but also one who is willing-minded enough to work with your team for success. The attorney is a crucial component of any successful real estate investing team. As such, you need to be sure that they are suited for your needs and have the skills necessary to succeed in your situation. 

There are many types of law firms that specialize in different aspects of real estate investment so it's important to take some time and sit down with each attorney before making a decision on who will join your team. Remember, this is not an emergency – there is no rush when it comes to hiring someone for an important role like this one. Make sure you do your research and find the right attorney for you!

Establishing Terms

The fee agreement should clearly outline the exact services you need, and what you will pay for them. You will need someone who is knowledgeable in real estate investing and tax law, so make sure they specialize in this area before hiring them. It is important not to just hire whoever you happen to come across because this can lead to many problems down the line. A good attorney should have experience with these types of cases and know what you need from them. They also must share your values and personality type or else there could be conflict that might interfere with their ability to help you resolve any legal matters that arise.

Summary

An attorney's job is not just about finding you money in tax lien sales, but also providing skilled representation when negotiating with the taxing authorities on your behalf.

A Quiet Title Action is an action filed by the court to settle the title to property. It can be used when there are competing claims of ownership and it needs to be determined who rightfully owns the property. A Quiet Title Action will usually determine if a tax deed has been properly transferred from the county, or if someone has come forward with better rights than you have (such as being an heir). So what does this mean for tax lien investors? Well, because of how tax deeds work, there is no guarantee that your title will be clear. This makes it difficult for you to get insurance on your title which means that you could end up paying more out-of-pocket costs in order to make a profit. 

A defect on the title can be something like a break in title or it could be an outstanding lien which would give someone else rights over your property even if you were technically legally entitled to it due to your purchase of tax deed properties.

Many people think that they need to get a title insurance policy in order to purchase property. This is not always the case. A quiet title action will settle any potential ownership disputes and will clarify as to who is the owner of the property. It’ll also show that there are no outstanding liens, or ‘clouds,’ and that there are no defects on the title. The one thing it won’t do for you is help you sell your tax deed investment quickly.

If you are an investor, a tax lien is the perfect investment for you. When you buy a tax lien from the government at auction, it is not quite like buying stocks or bonds. You don't get any equity in the property that's being taxed and your risk of loss is very low.

You’ve just purchased a tax deed, and you want to know if you need title insurance. The answer is yes, but not for the reasons that come to mind first. Tax deeds are an intriguing way of buying property because they are extremely cheap and go very quickly in auction houses or on sites like eBay. However, due to their nature there can be some risk involved with them. 

For example, it may not have been recorded properly according to state law which would mean it has a high risk of being voided without notice; it could also have liens on it from other companies who were owed money by the previous owner. A quiet title action will help resolve these issues so you can get your hands on what is rightfully yours.

This legal jargon can be confusing to many, but it’s worth understanding it as an investor. It helps to research quiet titles online or speak with an attorney about the process if you need further clarification on them. You may also want to touch bases with someone who has utilized one before and ask them about their experience!

The COVID 19 virus has had a lot of terrible consequences. One of the most notable is that many property tax auctions have moved online for the first time. This change should be seen as both good and bad news. On one hand, it is great to see counties modernizing their process in order to keep up with technology and make life easier for people who are unable to attend auction sales because they work or live too far away from the county seat. On the other hand, this will likely mean more competition among investors which could lead to higher prices on properties at these auctions.

Traditionally, online property tax auctions were limited to those who attended the live event in person or took out an online subscription which required bidding fees to be paid upfront for the entire year. COVID 19 has changed all of this by making it possible for anyone with an internet connection to participate in online property taxes at no cost whatsoever.

Now, buyers can bid online for property that has been seized by the government and sold at public auction. This is a new way of investing in real estate, which can be both lucrative and safe as long as you follow our tips!

The tax lien auction process is fairly simple. The tax collector sells the property for tax delinquent owners through public auctions, often online. As a tax lien investor in this type of transaction, you have to do your due diligence before investing and attend the tax foreclosure auction if it is required by rules. Buying at these auctions is not without risk and there are many things you should know about them before making an investment.

Property Type and Size


Property may sell for less than market value at a tax foreclosure auction. County tax collectors offer the property for sale through a public auction when the owners fail to pay the property tax for a period of time. When an auction is scheduled, the county prepares a tax lien sales list with information about each property. Counties upload sales lists on websites and sometimes print handouts. The auction rules may require the investor to attend these events in person so it is important that you do your due diligence before attending any auctions in order to ensure that you are prepared and know what you are doing!

Tax auctions can be a great way for investors to make money. Tax sales are held in many counties throughout the United States every year and offer buyers an opportunity to purchase properties at low prices. The tax sale price is usually much lower than the market value because property owners failed to pay their taxes, which leads them into foreclosure proceedings. The delinquent owner may end up forfeiting ownership rights if they fail to redeem or bid on their property before it's sold off.

We all know that tax lien investing can be a great way to make money. But it's not always a walk in the park, as tax foreclosure auctions have their own set of challenges.

Short selling is a trading strategy that shortens the lifespan of an asset in order to profit from the difference between its purchase price and resale. Shorting has been around since stock exchanges were created, but it became especially popular during the Great Recession. 

The short selling market has historically been dominated by hedge funds and other large institutional investors who are able to borrow shares at low rates to sell short while waiting for their investment time frame to expire. However, with the recession came a steep decline in home values nationwide which left many homeowners underwater on their mortgages; they owe more than what their homes are worth! This drastic change in financial situation led many Americans into short sales so they could get out from underneath this burden before it was too late.

The short sale market has been around for a long time, but the recent recession brought short sales back into prominence. With many homeowners struggling to make their mortgage payments, lenders saw short sales as an opportunity to recoup some of the losses they were taking on bad loans. The short-sale process is similar in most ways to a foreclosure.

Short selling is a process that many homeowners use to avoid foreclosure. It can be fraught with difficulties, but short sale benefits are worth the trouble. The short-selling process starts when a homeowner sells their home for less than they owe on it to an investor who will then take over the mortgage payments. This causes the homeowner's credit rating to suffer – but not as badly as if they just walked away from their property and let it go into foreclosure. For this reason, short sales are sometimes preferable over foreclosures during tough economic times like today's recession.

If you’ve been short on mortgage payments for a while and have little hope of putting your house back in order, short selling may be the best option. It can be an arduous process, but it doesn’t have to be as bad as foreclosure. Short selling is less likely to hurt your credit score than foreclosure because lenders need to approve the sale before completing it. This gives homeowners time to make up their minds and do some research before making any commitments.

There are many different reasons short selling can be a good option for homeowners. First, short-selling is usually less time consuming and more efficient than foreclosure proceedings.  Second, short-selling can help maintain the homeowner’s credit score, whereas foreclosures have been known to ruin them due to the negative history of being late on mortgage payments. Finally, short-selling will not result in any tax liability like foreclosure does.

If short selling sounds like the right choice for you, contact us today!

Bloomberg Says Housing Demand Is Sky-High

Their solution to the crisis is nothing compared to this investment strategy Bloomberg is supporting the idea that real estate prices won’t return to normal without legal changes in zone rules and land use.

This is their reaction to the now obvious crisis…America’s housing supply and demand balance are out of control. In other words, there are not enough homes to go around. And this is actually a good thing, for some people. Because by buying real estate using this technique, you can save as much as 50% off the normal price.

Then, all you have to do is turn around and sell for a massive paycheck… or set in for monthly income by renting your new asset out. It really is the only way to turn this housing disaster into your own very lucrative online investing “hobby.”

July is When It Begins

As America prepares to celebrate July 4th… you could be cashing out a life-changing property deal like this, if you pay attention. Some lenders are announcing they will restart foreclosures in July. This will affect homes nationwide and essentially means that: July will be huge for real estate investors!

This includes tax lien investors. Because foreclosures will lead to more people looking for a new place to live and that means higher prices. By following my guide here, you can find and purchase tax lien properties for shockingly low prices. This gives you either:

  • 16% guaranteed interest or…
  • ownership of the home for over 50% off.

Which can then be flipped right into the red-hot market. Imagine doing just ONE of these deals and paying for your kid’s college… topping off your retirement fund…or splurging on your favorite expensive hobby.

Want to learn how it’s done? Go here and we'll show you everything!

May Market Watch

Here's a recap of our May Marketplace Pro Market Watch! As you already know, we can find a lot of great deals using our Marketplace Pro technology. Jay looked at inventory in Mobile Alabama. Alabama is a big down interest state. Almost 5000 parcels going up for sale both commercial and residential. Jay also looked at commercial inventory in Pensacola, Florida with an opening bid of $49,000. Finally, Jay looks at Broward County in Florida with 23,000 parcels going up for auction!

If you want to learn how to find your own deals join our program by clicking ‘Join Now'

In May and June Florida Ramps Up Tax Lien Certificate Sales…Arizona Tax Liens Coming!

In the last few weeks about 50,000 properties have been added to Marketplace Pro that are going up for lien sales. Florida counties have already released their advertising lists. Several counties in Florida have changed their bidding rules. Do you know what counties are now considered single bidder? Do you know the registration and deposit deadlines?

Arizona's tax lien sale season is quickly approaching. Make sure you are properly prepared and ready to complete your due diligence with Marketplace Pro. Find out which counties changed their auction method. Are your core counties Live or Online auctions this year? Our clients can access full, normalized tax lien certificate data sets on a county-by-county or state-by-state basis. They are available directly with the Marketplace Pro software, which offers advanced filters and fully integrated, multi-platform mapping.

What are you waiting for?

If you want to get access to exclusive properties in new counties before they are released to the general public, join our program by clicking ‘Join Now'.

Bloomberg Says Housing Demand is Sky-High

Their solution to the crisis is nothing compared to this investment strategy Bloomberg is supporting the idea that real estate prices won’t return to normal without legal changes in zone rules and land use.

This is their reaction to the now obvious crisis…America’s housing supply and demand balance are out of control. In other words, there are not enough homes to go around. And this is actually a good thing, for some people. Because by buying real estate using this technique, you can save as much as 50% off the normal price.

Then, all you have to do is turn around and sell for a massive paycheck… or set in for monthly income by renting your new asset out. It really is the only way to turn this housing disaster into your own very lucrative online investing “hobby.”

July is When it Begins

As America prepares to celebrate July 4th… you could be cashing out a life-changing property deal like this, if you pay attention. Some lenders are announcing they will restart foreclosures in July. This will affect homes nationwide and essentially means that: July will be huge for real estate investors!

This includes tax lien investors. Because foreclosures will lead to more people looking for a new place to live and that means higher prices. By following my guide here, you can find and purchase tax lien properties for shockingly low prices. This gives you either:

  • 16% guaranteed interest or…
  • ownership of the home for over 50% off.

Which can then be flipped right into the red-hot market. Imagine doing just ONE of these deals and paying for your kid’s college… topping off your retirement fund…or splurging on your favorite expensive hobby.

Want to learn how it’s done? Go here and we'll show you everything!

May Market Watch

Here's a recap of our May Marketplace Pro Market Watch! As you already know, we can find a lot of great deals using our Marketplace Pro technology. Jay looked at inventory in Mobile Alabama. Alabama is a big down interest state. Almost 5000 parcels going up for sale both commercial and residential. Jay also looked at commercial inventory in Pensacola, Florida with an opening bid of $49,000. Finally, Jay looks at Broward County in Florida with 23,000 parcels going up for auction!

If you want to learn how to find your own deals join our program by clicking:

‘Join Now'

In May and June Florida Ramps Up Tax Lien Certificate Sales…Arizona Tax Liens Coming!

In the last few weeks about 50,000 properties have been added to Marketplace Pro that are going up for lien sales. Florida counties have already released their advertising lists. Several counties in Florida have changed their bidding rules. Do you know what counties are now considered single bidder? Do you know the registration and deposit deadlines?

Arizona's tax lien sale season is quickly approaching. Make sure you are properly prepared and ready to complete your due diligence with Marketplace Pro. Find out which counties changed their auction method. Are your core counties Live or Online auctions this year? Our clients can access full, normalized tax lien certificate data sets on a county-by-county or state-by-state basis. They are available directly with the Marketplace Pro software, which offers advanced filters and fully integrated, multi-platform mapping.

What are you waiting for?

If you want to get access to exclusive properties in new counties before they are released to the general public, join our program by clicking ‘Join Now'.

Eric, we live in a digital age. There's so much information out there. How do I get information that's going to help me as a real estate investor?

Alright, so I'm going to take us out of the digital age for a second, OK? Remember when we had to take notes back in class? Those of you who had to sharpen your pencils and stuff like that, I know I'm dating myself. But, I want you to grab your pen, pencil, notepad. Get ready to type some information in here. Because I'm going to share with you some resources that I commonly use that we encourage our students to use to make the best decisions possible when it comes to real estate and tax liens. Let's talk about what some of those tools are and why we would want to use them. So one of the first ones would be your real estate software. Make sure you're taking full advantage of how to use that, make sure you understand how to use it, and make sure you take full advantage of the education that comes along with that opportunity as well. 

Now, some other things that will help us out tremendously in finding real estate deals, in evaluating them: realtor.com

You can get great information, and you can do mapping by it, you can find out what's available for sale, you can get some sole data, you can even reach out to agents that way. 

So realtor.com is a great place to go. Zillow is as well. Just as a quick introduction, Zillow doesn't like realtors and Zillow doesn't like a realtor. So they're going to give you different points of information. Zillow will be more based on where the county recorder information comes from, a realtor will be based more on the sales on the MLS. Which ones better? They are both excellent. Wherever you get the best data to help make the right decisions is excellent. 

They've also got sites like redfin. One of the other sites I like is called trulia.com. I like it because it includes the crime statistics of that property and the surrounding properties. How great is that to know? Because you know exactly what you're getting into as a tool. When you're evaluating properties, you definitely want to have a great cash flow analysis: an income and an expense form. If you don't have one, make sure you go through, and you grab those from our site. So that you can have that as part of the tools so you can do those evaluations quickly. Maybe you could even have your agent do those evaluations and save you time so that they can bring you things that way. And that information and assessment is already done. 

What about other tools, what are your favorites?

Looking at another tool that I enjoy using, it's called bestplaces.net. At bestplaces, you can type in any city in the US, and it will give you an overview of that city. It will provide you with, average age. Population. Is it on the incline or the decline? It will give you job growth; it will give you the unemployment rate. Bestplaces.net excellent tool; use it. It will give you more confidence in understanding what's happening out there. Let's talk about some specifics when it comes to tax lien investing some tools that will help out. 

One of the tools that I like to use, this applies to both, it's called neteronline.com. What it is, it's every county's website. It gives you the assessor. It gives you the tax collector. It gives you the recorder's office; if you have a GIS, all of that is there. All you do is click on the state and then the county, and it will give you all of that information. It's an excellent tool to have when you're validating information that way. 

Now when you're investing in tax liens, you want to make sure you're very clear in understanding how to use the lien hub. You can use lien hub; it's a free access point, they contract with counties to provide a porthole to purchase over-the-counter liens, and they can actually help you with the auction process as well. Another resource on your tax lien side is bid for assets. Bid4assets.com

Another one that helps out across different states is called realauction.com 

Now there are so many more sites, and so many more resources that you want available. But you want to build your own template when it comes to real estate investing. What are your required parameters for a fix and flip? What are your required parameters for a rental property? Build a system. Make sure you can track your portfolios. Whether you're tracking your tax lien purchases or tracking your real estate investment, keep them organized. Make sure you have a team in place to help you continue to move forward. 

You've done an excellent job choosing to be a part of our team, as we move forward, and so make sure you get the most out of your investment by building this process and increasing the tools that you have. The more tools you have, the more successful you will be. Now don't forget, you've got the opportunity to go on increasing your funding. You could always go to the Scotsman guide. And there are so many different places you could go on funding to be able to enhance your success opportunities. Now always be looking for new tools. The beauty of the information age is simply this; there's something new every day. So add to it. If you've got additional sites that you love to use, you use those sites. But the main thing is that you're using it.

The main thing is that you're taking massive action. And the main thing is that you're planning to use the tools and that you're doing something about it. And so be in that place to where you are moving forward towards your goals, where you are taking action, to where you're making offers, you're making offers, you're making purchases on your tax lien, you're getting the returns and you're seeing the results. So with that, those are the tools that will make a foundational difference for you, and keep moving forward towards your real estate and tax lien objectives. 

You got this.