SUCH PROVISION MAINLY PROTECTS YOU, FOR EXAMPLE IF THERE ARE LIENS AND THE BANK DOESN'T WANT TO PAY THEM, YOU DON'T HAVE TO PAY THEM"If I were to believe such intent, than he is trying to say the price I put in the contract is "ALL INCLUSIVE" and will not pay any additional cost whatsoever...which does not make sense either, I am sure if I order an inspection, have the property surveyed, do an appraisal, have my attorney review and look at the title work etc...I will have to pay extra.

Adam,The common theme here is protecting yourself and your property.

The best liability protection is good management of the units, not entities, the rely on insurance, if those are sufficient you should never have a problem in reality.

And the most important reason to go this route is to protect your personal assets from a legal claim.

I have thoroughly enjoyed what the site has to offer and knew I should join and take full advantage of the knowledgeable community already here.I currently work in sales and consulting for a data management and protection company.

Here you can get resources so that you are protected against another break.Paul

Forming an LLC now, minimizes risk and will not only offer you the financial protection of only impacting your properties under the LLC, it will also give you tax breaks for everything you purchase under the LLC.

No one wants to be greeted by an angry tenant waiting with firearms.At the appointed time, we come with a locksmith, two moving men and their moving van and us in our protective gear (work clothes, gloves, N95 face mask, and eye protection) and boxes and bring construction quality plastic bags.

It's already the 4th of the month, and I'm assuming her rent was due on the 1st.To protect yourself, I'd start the eviction process.

Around here the boilers and hot water heaters are usually in basements, which offers some protection from freezing, but not if there is a breach that allows cold winds to penetrate.