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14 May 2019 | 1 reply
However, insurance is limited because it only protects you from one type of liability: accidents/negligence.
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28 May 2019 | 4 replies
I have talked to attorneys and I know one that has lots of RE and he does not even have properties in LLC's, as he said you have to be severely negligent to get sued and lose.
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10 July 2018 | 6 replies
For example, something terrible happens on this flip your considering and you are found negligent / liable… An LLC will provide for a cushion and offer some protection and in most cases, it will protect your personal assets (Not Always).
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20 May 2020 | 12 replies
Talk to the repair person and if the damage is due to negligence by the tenant, then have them reimburse you for the costs.
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1 May 2020 | 6 replies
Or you get a policy without an exception for a defect either because of negligence or a deliberate decision and then you either can't sell or refinance because another title company won't insure over it or worse, you find out when you're sued and wind up in litigation for several years.
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14 July 2020 | 2 replies
I would look at having the PM company pay for any additional fees/lost rents etc. as a result of their negligence in representing you.
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17 September 2020 | 6 replies
I have a bachelor military tenant, whom was negligent and never cleaned.
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11 January 2017 | 6 replies
Anything that breaks from a tenant's direct vandalism or gross negligence is on them.
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15 November 2007 | 9 replies
If they waited an unreasonable time before initiating those steps, or were otherwise negligent, they MAY be liable to some extent.
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16 February 2010 | 13 replies
I don't know if there's any hope of that.It's not a gigantic amount of money but I feel that this title co. is generally incompetent and no doubt has already screwed someone else over through their negligence since this happened to me.