Hi BP.I am considering renovating my coop in NYC. My coop board gave me insurance guidelines which had requirements for umbrella insurance in addition to general liability. I expected general liability, as I've had to...
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Currently in the process of purchasing my first rental property, I'm hung up on making a decision on putting it under a LLC or not.. Seeking advice, what you guys think?
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Hi we have a portfolio of 4 Single Fam Houses, 2 Duplexes & 1 Triplex (7 total properties) in the Los Angeles area. The single family houses have FMVs from 250K to 750K; duplexes between 300K-380K, and triplex of...
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Hello, wife and I have been shopping for insurance policies for new rental condo. Property manager wants to be put on a 1 million dollar liability policy.Is it possible/good idea to get lower liability insurance poli...
I currently have 1 rental property in an LLC and I've always heard that you should only place 1 or maybe 2 properties per LLC. But what do you do or how do you structure it when you get 20 or more properties? That sou...
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I have been shopping for an umbrella policy, and USLI has come up with more than one broker. They will do up to a million for around $500, which seems standard. They are the only insurer that did not make me raise m...
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I have several SF rental houses in metro Atlanta/Decatur & middle Tennessee, all with mortgages in my own name, and too many to include in my personal liability umbrella policy. My insurance agent has suggested t...
My question is about how to best organize many rental properties to provide best shield towards potential law suite.From this forum, I read about multiple properties (mortgage free) under one LLC; or one LLC for each...
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I own several properties primarily for short term renting in different cities (San Antonio, Tampa, Pittsburgh). They are all in my personal name (deed and mortgage) however I have an LLC that I do business with and fi...
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My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy. We currently live in CA, but are moving to Illinois in the co...