![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2073704/small_1680556703-avatar-carolyne18.jpg?twic=v1/output=image&v=2)
28 July 2021 | 6 replies
Since the LLC for a rental is predominantly used for asset protection, we always refer out to attorneys to form the entity.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/659712/small_1695314035-avatar-justink69.jpg?twic=v1/output=image&v=2)
28 July 2021 | 3 replies
Right now, the most stressful/time consuming part of this whole thing is arranging the cleaning, I’m nervous that one is going to get missed at some point, but I feel like I have to check the schedule daily to stay on top of it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2213859/small_1628713323-avatar-curtisc86.jpg?twic=v1/output=image&v=2)
23 August 2021 | 11 replies
Dave Ramsey and Robert Kiyosaki were both helpful for me as well in my journey to being debt-free (consumer debt), quitting a job I hated, and pursuing real estate to gain financial freedom.
23 August 2021 | 29 replies
They make terrible, uneducated decisions that hurt the producers and favor the consumers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2212481/small_1694551644-avatar-melp10.jpg?twic=v1/output=image&v=2)
19 September 2021 | 11 replies
I recommend adding "Personal Injury Liability" endorsement to the policy (protects against Liable, Slander, Wrongful entry, ...).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2205474/small_1696411310-avatar-dianaw65.jpg?twic=v1/output=image&v=2)
13 October 2021 | 6 replies
To protect yourself from big losses you should value the park based on the portion of rent that can be allocated to lot rent and if you have to value the homes then value those based on shell value or what you can comfortably sell them for.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2212953/small_1627841549-avatar-anthonyc778.jpg?twic=v1/output=image&v=2)
21 August 2021 | 6 replies
Of course rate and terms are something to consider but knowing they can perform/close and protect your reputation in the process is key.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/425940/small_1694629430-avatar-benc26.jpg?twic=v1/output=image&v=2)
22 August 2021 | 6 replies
The 10 year period you are referring to is for Structural, not cosmetic. here is a link to NJ DCA consumer information on New Home Warranty: https://www.nj.gov/dca/divisio...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2093043/small_1695269268-avatar-wafm.jpg?twic=v1/output=image&v=2)
20 August 2021 | 7 replies
Bad strategy as waste of time and could lead to mugging.2) Are the plumber, electrician and handyman properly insured to protect you if they get injured on your property or injure a tenant?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2116466/small_1694953030-avatar-nicholasp256.jpg?twic=v1/output=image&v=2)
21 August 2021 | 17 replies
This would mainly protect them against tenant slip & fall lawsuits.Agree with everyone else above that they should not be asking you to provide workman's comp insurance - that is their problem.