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29 August 2022 | 13 replies
Just make sure you have an umbrella insurance policy / good insurance policy.
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30 July 2019 | 7 replies
Until you transfer, limit your risks - get an umbrella policy
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4 January 2017 | 17 replies
btwI took out an umbrella policy after the transfer also??
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12 August 2015 | 2 replies
My question is, could I set up an S Corp entity and put each property I buy from here on out as its own LLC but under the S Corp umbrella?
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1 August 2016 | 11 replies
I was originally going to do an LLC but I've come to the conclusion I can accomplish my goal with an umbrella policy and not risk getting the mortgages getting called.
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5 February 2007 | 5 replies
the people that sue just to make a quick buckOK, first off those people barely exist, and the ones that do always make sure that they're suing someone with really deep pockets, large retailers, hotel chains etc. 99.9% of stories that you hear about outlandish lawsuits are complete BS, dreamed up by polititicians trying to pass "lawsuit reform" laws that are much more likely to HARM YOU than to hurt you.worry about the prospect of an injury on a rentalThat's why I've always carried an umbrella policy, currently at $1 million, formerly at $5 million, I pay about $175/year for that in TX, probably cheaper in states where insurance is regulated!
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11 March 2010 | 14 replies
I had been keeping our investments separate and always in my name, so that if anything would ever happen above and beyond my umbrella insurance policy that they legally could not take our personal home from us (since it's in his name too).
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14 March 2011 | 12 replies
Hi Jeff,the basics are- separate bank account(s) to show that your business is run separately from your personal financial dealings- adequate insurance for your rentals; landlord insurance and umbrella coverageOptional- LLC for asset protection; if your business entity goes under then your personal assets are separate and not affected.
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2 March 2016 | 11 replies
Secondly, an attorney can pierce the corporate veil of an LLC so it is not all protected. thirdly, and most simplified process, why don't you just get a personal umbrella insurance policy?