Liability insurance covers negligence.

Can you tell me your break down... how much more or less you paid for eletricity, plummer, foundation... thanks  im planning to do my in east los angeles using my friends thtat i know work in the industry.. construction, but i dnt know, what do you recomment and how long did the process last.. from city permmits and builting it... 

All fees seemed right in line with industry standard, ($9.95/mo, per entity + one-time registration fees). 

After a $500 plumber bill I no longer wish to continue stressing out about this business; at the beginning (10 years ago) it was fun and challenging, now, after seen how we are the ogres (landlords in general), the outrageous government response with the eviction moratorium during Covid, the raise in taxes and insurance, service people who charge you more than a brain surgeon, the fact that this country is becoming dangerously socialist and the tenant drama I finally decided It is time to look elsewhere for investments.I just cannot find any information of what to do when I sell my properties.

Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

They have the choice of finding their own insurance or they can be automatically enrolled in my master policy.

This ensures a clean transition of ownership and responsibility for insurance purposes.

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes.

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.