Is it to protect you in case of a lawsuit? 

Whether it's mold, COVID, or a non-paying renter, a quality PM acts quickly and decisively to protect people, property, and the landlord.If you feel the PM was negligent in their response, you can file a complaint with the state commission.

It is reasonably priced per property and seems that it has been created by engineers specifically for properties worth less than 1.2 million and has audit protection.

I know a gun sounds good in theory, but there are safer ways to protect yourself. 

Until then, it seems current tenant is on the hook and my income stream is protected by law.

Consult an attorney or CPA to structure this correctly and protect your LLCs.Hope this helps and be careful!

While designed to protect tenants, rent control has adverse effects on the broader rental market.

She says that it won't be shared, but of course if it is for their records, it is also to protect them in case there is litigation.

While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited.

Separate LLCs and bank accounts are needed for asset protection, bookkeeping and tax return preparation.