That reality is unexpected vacancies.

I’m curious to hear from private real estate investors who’ve faced unexpected insurance claims and were protected by an umbrella insurance policy.We often see discussions whether investors should use an LLC or an umbrella insurance policy.

The tenant understands that the property of the Tenant is not insured by the landlord for damage or loss of any kind (action of third party, fire, water, theft, vandalism, storm, heat or cold, electrical damage, pests, mold, accident, etc.), and the Landlord assumes no liability for such loss.

It's a small Motel at the beach no clam or accidents.

2) dropping a vape in a toilet mid stay is clearly an accident.  

I’d love to hear from those who have flipped in New York—what unexpected costs should I prepare for?

Those of you with outdoor pools at your properties - what are you doing to mitigate liability in the event of an accident? 

If there's one thing to be aware of, expect the unexpected.

and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated 

This approach ensures realistic pricing and helps avoid unexpected costs later.Good luck!