Alis B.
LLC Owned Rental Prop Financing Woes (TX)
19 September 2014 | 9 replies
Buy SFR or MF up to 4 units in your own name and get $300k liability insurance (maybe more on multi-unit) on each property along with a $1-3 million Umbrella policy over all of them.
Matthew Hicks
Efficient and Protective set up
12 December 2013 | 10 replies
As I grow, I can then set up other LLCs to keep key properties separate, or segregate my rentals once I own 10 or so in a specific LLC.Having the manager being the managing partner across all LLCs will allow me to have one single checking account to manage all of my rentals no matter how many LLCs (elected as partnerships) that I eventually have.From an insurance perspective, I Just plan to have an umbrella policy for each LLC and individual property insurance on each property.All good so far (I think).
Trevor M
Made my first real estate investment! Have some questions.
6 December 2013 | 6 replies
My personal experience with a number of rental properties and the advice of my attorney was to simply get a good umbrella policy ($500 per year for a $2M policy).
Drew Liljedahl
Investing Goals, am I making sense?
4 December 2013 | 10 replies
If you're worried about liability just make sure to have a large umbrella policy.
Jason Grote
Best at Analyzing Comps: A Realtor, Investor, or Appraiser?
18 December 2013 | 73 replies
I am not a licensed appraiser and never have been, however, in my retail days I was an operations director for a conglomerate company and we owned and operated fully licensed appraisal company under our umbrella.
Michael Wentzel
2 more under contract... looking for feedback
23 December 2013 | 31 replies
If someone slips and falls, is the lawsuit covered by a liability umbrella policy not shown here?
Chris Heeren
Property Insurance vs. House Insurance for Rental Units?
21 November 2013 | 6 replies
An umbrella is liability only.
Bryan H.
Was your LLC put to the test?
16 December 2013 | 34 replies
So I have a good umbrella policy that covers my net worth.
Tom V.
Need some help here with tenants. Serious problem. Please!
19 May 2015 | 67 replies
This is just the latest in a lot of stumbles.Massive insurance bills from before I learned about liability + umbrella, which is MUCH cheaper, and stuff like that.
Jonathan Halliday
Contractors
14 November 2015 | 14 replies
If this is "light work" and you have great insurance and a great PUP (Umbrella) Policy, then the risk might be considered low.