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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 4 times.

Post: LLC as additionally insured on personal policy

Account ClosedPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 5

Hi @l huang! Wondering if you ever got a definitive answer to your question.

Post: LLC as Additional Insured - Does this pierce the veil?

Account ClosedPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 5

Hi @Nathan Williams. Wondering if you have any updates on this. I'm going through the same thing right now and having a difficult time getting a straight answer. Thanks!

Post: To Replace the Roof or Not?

Account ClosedPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 5

Thanks for the great convo everyone! I have decided to have the roof replaced to save my sanity. It is already at risk for not having the proper flashings and cricket for that very wide chimney. I just purchased the house back in Nov 2019, so insurance probably won't cover it since the roof is old to begin with. The two layers will be definitely be removed and replaced with a fresh layer. That was an interesting discussion in itself.

I really appreciate all of your thoughts! Now I shouldn't have to worry about it for the next 15+ years and it will be a good selling point if needed for whatever reason.

Post: To Replace the Roof or Not?

Account ClosedPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 4
  • Votes 5

I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pipe flanges, flashing, kick-out flashing, and vents. However, it has lasted this long with no signs of leaks. Would you replace it now or hold out until the end of its life?