
3 February 2017 | 17 replies
(it's a safety issue -- a broken railing can cause a major injury which could get you sued and, even if it broke because of the tenant, you'll have to prove that they did it.

22 June 2016 | 22 replies
Should any tenets, their guest, or anyone on the property sustain any injuries and the property is owned in the investors name only; their personal assets are at risk.Tax BenefitsFrom a tax perspective, and LLC formed with two or more members is classified as a “Pass-Through Company”.

26 August 2017 | 11 replies
I know,, I ran several properties with a outdoor pool,one indoor, thankfully no injuries on my watch,, but we had a child drown at a property owned by same company.. they sued... anyone in that situation would.

9 August 2016 | 5 replies
As a personal injury attorney for plaintiffs, I can tell you that, for the most part, "[a]mbulance chasing attorneys" do not have the time or desire to "legally navigate around Insurance Policies."

23 January 2016 | 11 replies
But right now I was thinking about using a turn key service somewhere in the Midwest to get the ball rolling for the time being and see how it goes.....I have been looking at Ohio cash flow, but the bottom line is my wife and I don't have the time or mental injury after the last two years of total stress to dea with ALL the intricacies of flipping or managing ourselves....

4 July 2016 | 3 replies
If you are not doing your own work, which sounds unlikely if you are out of work due to a back injury, then it may be difficult for you to make the money you are looking for initially as it is usually sweat equity that carries the day in those situations.

29 March 2015 | 14 replies
. - at a minimum, most underwriters will require a 4-point inspection (plumbing, electrical, roof, & HVAC) before issuing an insurance policy.In some cases, you may be able to get a "liability only" policy that would provide some protection and a duty to defend in the event of an injury or other incident on the property, but you run the risk of an award exceeding your insurance limits and dipping into (or at least tying up) your personal assets, making the LLC or other legal entity even more critical.In my opinion, if you are serious about moving forward as a rehabber or landlord, the expense to form an LLC or corporation is minimal and should be one of your first moves.Previously posted elsewhere:"An LLC is more for asset protection than tax advantages (though it may provide some tax benefits if you opt to tax it as a corporation...talk to your accountant).Example: Contractor falls off the roof and breaks his leg at your property.

29 May 2015 | 4 replies
What should I do to make sure I am not liable for any injury to him or his worker.I already check and he has the worker comp on the LNI(labor and industry) website. what I don't know does each of the 3 workers need to be listed on LNI?

22 May 2018 | 2 replies
A new front door is needed as well but it has either been too cold to attempt replacing or too wet.A few other small odd items) At this point I'm getting nervous that my tenant will fake an injury because these jobs haven't been completed and sue me.

10 November 2017 | 4 replies
To add insult to injury, my rental agent told me that those kind of judgments are no longer included on credit reports.