Property managers fundamentally do two things: manage your asset (lease, maintain, accounting, anticipate) and reduce your liability. 2.

One of my HOAs, the master fire/liability policy was +15% this year (likely the max the state approved), the earthquake was +165%, and my personal landlord policy got non-renewed as the carrier left the state. 20+ carriers refused to write a new policy.

I'm getting paid as a Broker but without the responsibility or liability of being a Broker... yes, really.  

Keep in mind hotels have a lot more moving parts and greater liability exposure yet we as a company still did not implement what you shared.Where we as operators differed was in our the understanding of the actual risks associated with owning real estate and how to mitigate or protect against them.

Make sure you are registering with the county you operate in for a biz license and with the state division of hotels and restaurants and get a $2M+ liability policy.My company started as a mgmt company for just my and my partner's properties it then grew from there.  

While Solo 401(k)s are still subject to UBIT, the absence of UDFI can simplify tax considerations and reduce potential liabilities.Structuring for Tax and Liability Benefits:While some investors consider setting up an LLC to loan money to a syndication, this approach is often overly complicated and not typically worth the effort, especially from the syndicator's perspective.

Additionally, consider how this arrangement may impact your insurance and liability.

I feel like I can't protect against a situation where I get sued (e.g. someone slips and falls) and they "only" choose to go after the liability insurance on the property's policy, leaving the umbrella policy to pickup anything above/beyond the liability from the STR property. 

Yea, it would be more financially sound to stack up on income producing assets over a liability. 

I am very confused what a 401k trust is because I don't see it listed in the types of available trusts below.https://wyomingllcattorney.com/Wyoming-Asset-Protection-Trus...I know land trusts don't offer liability protection if the tenant sues the trust's beneficiary.