So I’ve read that unbrella insurance providers require you to use them for car and home. I am a land lord but don’t own my residence.What are my options?

I would never own rental properties in my personal name.

The Importance of a Great Real Estate Agent: A Personal Paradigm ShiftI got my real estate license a while back, and I always heard people talk about the importance of "bringing value" as an agent or broker.

If not from the person in office, then definitely from the person running against them.

I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

The short answer is: file form 1099-NEC. 

Hello! Just wanted to share some notes on my experience with RentRedi.  I was not going to but I noticed BP is now promoting RentRedi again on their recent podcasts so just want to share with others before people deci...