Slightly positive on the eXp side, but negligible.

The cost of replacing 3 water heaters or 3 roofs is negligible compared to what me replacing 30 of each will be. 

Originally posted by @Cameron Lam:Originally posted by @Steve Smith:Cam,There's no advantage of having the LLC involved and it's public record (partly), and it costs money.There's no liability protection as the LLC or the trust can be sues (however, you are personally protected unless they sue you personally for negligence, and that's what insurance is for (and other products.In the trust you can control it however you want by simply directing the trustee to do whatever you want, including assiging the bene interests or part of them.

The above 4 items are just the largest of many errors in the appraisal but the common theme is that all the errors (minor and major, both substantive to the final value and not) indicate an inaccurate report based on out-dated information that leads to performing a grossly negligent assignment. 

One judge will find someone negligent when another may say that the person was reasonable enough.RE Brokers are paranoid, (and their attorneys get paid to devise policies) you would be too if you had a couple hundred "agents" running around doing business in your name, especially in sue happy areas.

That would seem to be negligible for most hosts booking between $100 - $200 a night.....?

Most of the ones I see are for couple hundred thousand.Unless you commit a negligent or tortious act you are not responsible for damages incurred by your entity. 

Originally posted by @Max Tanenbaum:I always go back and forth on this debate:On one side if you fix every issue that the tenants cause and don't charge them for, you encourage repeat behavior....On the other hand, if you bill them for it, you discourage them from reporting damages to you and you could end up with much bigger problems down the road that could have been cheaply/easily addressed before they blew out of proportion.I usually take care of the issues as they come up and without charging them, but require the tenant to be there so I can educate them on 1. how to prevent this from happening again 2. how to take care of it without me if it does happen again (sometimes) and 3. that i will be charging them the next time (if the issue is caused by tenant).If the cost of the repair is more significant (over $100) or I believe that the issue is caused by tenant negligence I will bill them for it, sometimes split the cost with them depending on the situation.My properties are leveraged so a month of vacancy hurts me a lot more than a repair!

In this case, the PM is only responsible for wilful misconduct which is commonly referred to as gross negligence.

If one received an abstract of title or an attorney's opinion of title they might have a cause of action for negligence, in my opinion.I suggest you submit your claim and let the process unfold and see if you do have a loss that is not recoverable under the policy before you get to concerned, though you might still want to get an attorney's opinion about your legal rights.