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20 July 2016 | 6 replies
It would be a shame to have everything come crashing down because somebody made up an injury or something and sued you to steal your equity away.
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20 September 2020 | 7 replies
As a landlord, you bear liability for injuries caused by unsafe conditions (or at least that's what attorney's advertise).
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27 July 2021 | 5 replies
Regarding liability and injuries.
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6 June 2018 | 52 replies
It's already been noted, but...I'm seeing $0.00 down for property management and that you plan on doing that yourself.So, if everything goes well... you've bought a second job.On the other hand, if your wildest dreams come true and you own the entire neighborhood by this time next year, you need to hire a property manager to handle your two dozen units at 10% each.... and this one is netting -$5 a month.Or something goes horribly wrong, (Illness/Injury/Drafted into a secret army to fight vampires).You can't defend America's precious bodily fluids and manage property effectively.
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5 July 2019 | 18 replies
Tell them you believe you are not liable for anything and while you understand that their injury may have caused them some difficulties, you are not responsible for those difficulties.
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5 April 2020 | 6 replies
The Economic Injury Disaster Loan grant for up to $10k or the Paycheck Protection Loan both sounds like they should cover the interest on the Hard money loan.
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30 October 2019 | 20 replies
You do of course run the risk of them coming in and shutting it down, but in situations such as these I always like to ask myself how things would come across if there was an injury or loss of life and I ended up going to trial.
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9 January 2023 | 18 replies
I see listings posted all the time but RSO nor HCIDLA are in that line of business of enforcing this even though the STR operators are clear as day to see and VERY easy to find.Just look up how many lawsuits are filed and paid out against LA due to sidewalk falls/injuries.
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30 September 2019 | 10 replies
That is our incentive to go above and beyond what a typical PM would do - 50% of every dollar saved or made in cash flow goes into our pocket :-)We also set these up as LLCs, and if we decided we no longer wanted to or were able to (say do to injury of death etc...) the PM fee would be deducted from our half of the returns, since that was 'our contribution' to start with.
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7 August 2021 | 19 replies
Remember injuries and recourse now a days are limited to the actual accident type and injury sustained.