
30 June 2020 | 2 replies
If you own property in multiple entities, how can you get an umbrella policy when the insurance company wants to know that you are the owner of each entity?

12 June 2020 | 5 replies
If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

19 June 2020 | 3 replies
We have a mix of ownership at the moment: 2 of them are owned by the LLC, the rest are titled to a single partner.We also have a mix of financial instruments at play: 3 of them titled to a single partner have a mortgage with a bank, 1 of the homes owned by the LLC has a private loan, and the last 1 owned by the LLC is all-cash at the moment.I'm less interested in asset protection from the LLC since we're using Umbrella insurance as our safety net.My main concern is filing taxes properly and accurately (attributing gains and losses to each partner correctly), especially since we started down only-LLC ownership and transitioned part way to personal-and-LLC ownership of our properties.

27 June 2020 | 5 replies
He will write you a policy on a per house basis or an umbrella if that better fits your needs.
30 June 2020 | 4 replies
Again, my personal opinion, keep all your rentals in the same company and increase your umbrella liability overages accordingly.

30 June 2020 | 2 replies
I would think about buying them in your personal name with an umbrella insurance to cover your liability, and then once you have enough of them, think about a portfolio loan or something like that and move everything into the LLC.

30 July 2020 | 13 replies
Get rid of it, and replace with an umbrella insurance policy.Your single member LLC will not provide asset protection.

5 July 2020 | 1 reply
Generally speaking, most of the people will use umbrella insurance (more insurance but will cost some) and/or LLC (done right, more protection but needs to be set up right and need to be properly maintained.)

16 July 2020 | 11 replies
Although you subtract a hefty amount of monthly rent (25%) under the Capex umbrella you will want to know your monthly, bimonthly and/or quarterly recurring expenses so breaking out recurring repairs and utilities will help you monitor your investment's performance.

9 July 2020 | 7 replies
let me know if otherwise.If you are trying to max out your coverage / asset protection, then you should also get an umbrella liability policy.You might wait until you get more assets.