Having a complex structure adds annual costs, but it might make more sense to enhance your insurance liability coverage instead. 

They were reducing the premium slightly for this loss of coverage. 

Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.

Happy to make an intro to our answering service team that does our late-night support at CS Outsource.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.

Hi @Christopher 'Bear' DeSanctisThe debt service coverage ratio is derived from measuring the PITI (+ Association dues if applicable) versus the gross monthly rental income.

Hi,I need some guidence.Insurance premiums are beyond ridiculous here in FL.What alternatives are there besides full coverage on a rental with no mortgage/note?

The quote looks okay, but you just need to make sure that the building coverage amount is at least 20% of the loan amount.

The servicer may have their own fees, rules, and disclosures.Agent crosses a line to disclose rates, legal ins and outs, terms, and disclose the loan which even a broker license doesn't cover. Agent

If they put up any sort of resistance, that could be a cue to start digging a little deeper and documenting a bit more thoroughly (hence the doorbell camera coverage tip I put first - installing the cameras right away and then having the new lease conversation with the tenants afterward is very easy to frame as "I'm just a new owner putting some TLC into the property and doing my due diligence on the leases/tenants"; talking to your residents first, finding out they have extra people living there who aren't on the lease, and then installing cameras around the property could set you up for a very adversarial relationship with your inherited tenants). 

I would suggest that before any installation, but specifically roofing, that could affect your insurance that you get in contact with them to verify the continuation of coverage with the EverSeal System.