Clash Lo
Other ways to protect yourself other than an LLC
As a new investor who may not want to start with creating an LLC right away, what are other methods that one can do to protect themselves if a lawsuit were to occur?
Julia J
Snow removal
I own a small building with 5 units. Each unit has its own entrance. Should the tenants be responsible for pulling the weeds for the piece of land belonging to the apt they rent? What about snow removal and salt sprea...
Jennifer Smith
Renting parts of the house separately and legally
I have a three-bedroom, two-bath house. One bed and one bath are accessible through a separate entrance. I am going to be building an ADU in my backyard soon. It is my understanding that it’s likely to eventually be l...
Joseph Leonard
Tenant's Car Damaged by Lawn Mower Company - Who is liable?
I have a duplex where tonight the lawn mower company that I hired hit my tenant's vehicle side mirror with his lawn mower and knocked it off. The tenant's vehicle was parked on the street which butts up against the ya...
Donna Allen
Tenant's responsibility after a house fire
I have a question from the tenant's perspective. A friend of mine had a house fire last week in the house that she has rented for the last 11 years. It is uninhabitable, and all of her personal property has been remov...
Scott Peace
Umbrella policy vs Landlord Policy
Hello all, we are new to the REI. We have 6 units and are looking at getting some more insurance protection. We looked into an umbrella policy, but they insurance company said that we had to also insure our autos f...
Sarah Jones
Asset Protection
I own two houses, one is rental and one I live in. I hit a girl on a bike 6 months ago. She got a lawyer and the lawyer at first wrote a letter to my insurance company saying they will accept the policy limit, but ...
Charles Ngansop
HAUNTED UNITS IN A MULTIFAMILY: KNOW BEFORE YOU BUY
Sam was very excited when he learned that the apartment he has been waiting for was finally ready for its new occupant. So, he signed the lease and, voila! Moved in. Few days after, he noticed, especially at night, so...
Patrick Philip
Hiring handymen and liability?
I could save lots of money by hiring handymen on flips. But I'm concerned about liability if someone gets injured. First of all, why am I responsible if a tile guy is negligent and cuts himself? I don't even get that ...
Joshua Dorkin
The History of Property Management
Hey all! I wanted to see if any of you had any historical insight on the birth and growth of property management.
Any real estate history buffs out there have any info to share?