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21 November 2024 | 305 replies
You have liability insurance on each property don't forget and then I have an Umbrella Insurance policy on top of all of my rentals.
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9 November 2024 | 7 replies
You open yourself up to too much liability.1.
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9 November 2024 | 3 replies
FYI when something/anything happens the tenants will contact you to see the footage but that will open you up to a whole lot of liability.
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8 November 2024 | 6 replies
@Paul B.The LLC will offer some protection from liability not anonymity.
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11 November 2024 | 14 replies
That may be true, but don't make those decisions before sitting down with her as a family and showing her all of the properties, what they make, what their liabilities are, what their values are, and where they are.
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8 November 2024 | 5 replies
They are subject to liability if someone sues, and their license is subject to discipline or loss of license if you violate rules/laws and get caught.
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5 November 2024 | 15 replies
Just get extra liability insurance on them.
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7 November 2024 | 10 replies
Also make sure they have proper license and insurance and name you as additional insured for liability.
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5 November 2024 | 28 replies
That protects us personally from liability because we are not personally making any decisions.
5 November 2024 | 5 replies
Just keep it in your personal name and get extra liability on your insurance.