Rajeev Agnihotri
LLC or Umbrella Policy?
I have 3 Properties in NV held in an LLC. In addition, I have 3 Properties in CA - & I am planning to move them to an LLC as well.
I have been advised to get an Umbrella Policy in order to protect my asse...
Dave Klein
"Accidental Shooting" at a complex. How would you respond?
I just received the following email from my property manager. How would you respond? I'll let a few people give their opinion and then I'll share mine. I just purchased this building 3 months ago so these are all inhe...
Sarah Jones
accident - lawsuit
I got in a car accident several months ago. I was found at fault, and my insurance only covered the minimum which is around $20k, but the person claims she needs surgery and requires $200k , she's getting a lawyer to ...
Catherine Javier
Pros & cons of a swimming pool
Hello Everyone, We are planning to buy a primary Residence in Orlando FL and house hack. We saw a house that we like that has a pool. Do you think it is a good idea to have a swimming pool? Or there will be more legal...
Jonathan Dickerson
Tenant Fell in The Parking Lot... Can I Be Sued?
Hey there, BPers. First time poster. I've got a townhouse with a tenant in it. While walking through the parking lot of the townhouse complex, he slipped on ice, fell and busted his skull open tot he tune of $125k in ...
Alis B.
Do I need a license to manage my residential (LLC owned) property in TX?
Any Texas property managers / rental owners available to help? I have not bought a property yet. In doing research I have learned that I may need to add a step to this process. I may need a Realtor license.My plan is ...
Brandon Nelson
Estate Executor liability question
Hi BP, I'm a Realtor in WA State. I was referred to help a young lady whose father died in a tragic accident, and left her with a RAT'S NEST of a property. Multiple squatters in RV's and the main house, over 100 aband...
Christopher Smith
LLCs or Umbrella Insurance for CA Rental Properties
I've been considering whether to establish LLCs for a number of California rental properties (and maybe for some out of state). Establishing a CA LLC has some significant start up costs especially if an attorney gets ...
Saleh Sedighi
Legal and asset protection for California residents
After reading couple of books and many articles i got the feeling that living in California and doing investment is not legally well protected Long story short I’m looking for a good way to protect my future assets an...
Account Closed
CPA/Tax - LLC Question
The new CPA we sat down with told us NOT to do an LLC for our rentals. My wife and I have 4 STR's that we gross over $100K/year from. We are also both 1099 workers and together made approx. $325K last year in our prim...