Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

21
Posts
4
Votes
Steve Sauro
  • Rental Property Investor
  • Maryland
4
Votes |
21
Posts

Insurance claim and hiring LLC to manage & invoice contractors?

Steve Sauro
  • Rental Property Investor
  • Maryland
Posted

Hello community,

Let me frame this up. My wife and I own a rental in our name. We also have a LLC that has a property management agreement with 'us' to manage the property.

Sunday we had a pipe burst which caused significant damage. The house is a STR and no one was present at the time it burst. I went and performed mitigation measures which were OK'd by the insurance agency. The adjuster came etc and I'm waiting to hear back on what/how much they will cover.

The question is this: Can I use the LLC to issue an invoice to me for the time and materials needed to take mitigation measures as well as repairs moving forward?

Would love input on this.  I don't want to do anything 'illegal' but in effect, I am doing a lot the work and it seems legit that I be paid (IMO)

Thanks

Loading replies...