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Scott Trench's profile image
Scott Trench's profile image
Scott Trench
  • #3 Personal Finance Contributor
  • Rental Property Investor
  • from Denver, CO
  • Member since Feb 7, 2014

User Stats

2,754
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Scott Trench's profile image
Scott Trench's profile image
Scott Trench
  • #3 Personal Finance Contributor
  • Rental Property Investor
  • from Denver, CO
  • Member since Feb 7, 2014
Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
6,196
Votes |
2,754
Posts
Tax, SDIRAs & Cost Segregation

House Hacking - Legal, Insurance, and Liability Protections

Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
Posted

I'm hoping to get some advice applicable to house hackers for liabilities including insurance, legal protections, and limiting liability.

After listening to Podcast 109, I've become interested in Asset Protection and moving my assets out from under my own name.  That said, I think I'll have a lot of trouble separating myself from my own house - I live there!  My name is on everything - including the mortgage!

What are folks recommendations for reducing personal liability, purchasing liability insurance, and renting this place out without triggering a due on sale clause or similar?  What are the best strategies for house - hackers?

Thanks in advance!

  • Scott Trench
  • Podcast Guest on Show #223
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