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All Forum Posts by: Saravanar Boopalan

Saravanar Boopalan has started 2 posts and replied 6 times.

Quote from @Julien Jeannot:

I'd shop it around. Rates are skyrocketing.

Might as well grab an umbrella policy for yourself while you are at it.

 @Julien Jeannot - Are you sure that if I have an umbrella policy, is it useful to cover any properties that I own in the name of LLC ?

I have an umbrella policy for myself. However, All state mentioned that I can't use my umbrella policy for a claim on a property which is under LLC name. I own 50% equity in the LLC - not sure why I was told that I can't leverage my umbrella policy for any claims.

Hi all - I have a property in WA state. Looking for some suggestions for insurance companies to insure my property in LLC's name

Quote from @Julien Jeannot:

@Saravanar Boopalan

In WA sate you cannot discriminate based on source of income. You have to accept section 8. 

I recommend making all decisions based on a written criteria which adheres to fair-housing and all local laws. A good source of information is https://www.rhawa.org/

If you are a DIY landlord, I recommend the membership or a good attorney to answer your questions.

@Julien Jeannot - Thanks for the great advice. Do you have any recommendations for good attorneys in the Seattle/WA area ?

Quote from @Savannah Sarullo:

Some states don't give you a choice anymore.  You have to accept section 8. 


 Got it. Any idea about WA  state ?

Hi all - Have been digging about Section 8 for the last few days. I would like to understand what are the advantages and disadvantages of being a landlord with tenants from Section 8 ?

FYI, I have properties in King County, Washington State.

Appreciate your help. Thanks