Richard Snyder
American Alternative Insurance Corporation good?
My insurance agent suggested liability umbrella over my vacation rental property, "life," and my single family long term rentals with American Alternative Insurance Corporation. They are rated A+ on Best but google r...
Matt Smith
LLC benefits
What are the benefits of putting my rentals (2 single family, 2 condos, 1 fourplex) under an LLC instead of just at my name? Any tax advantages? Other?Now I have an umbrella insurance policy; if I have an LLC, can I j...
Frank S.
LLC for each investment property?
1 LLC for multiple properties or a new LLC for each property? I'm wondering if one LLC for each investment is even possible for maximum protection.
Sean O'Dowd
Logistics of using both Umbrella insurance AND multiple LLC's
Hypothetical question that I may use to write an essay on for my current real estate class; was hoping to have an opinion on it!Say you own 3 properties and manage them yourself. For some variety, one SFR, one duplex,...
Vishal Gala
Rental property lawsuits
I got a property in Texas before marriage. I am currently married and renting the property. In case of a lawsuit will my partners assets be at risk as well ?
Roman Puzey
Question on property insurance for primary house hacking residence
Hello,
Wondering if this is a good quote in terms of numbers and things that are covered under this property insurance
$302,500 Dwelling Coverage + 100% Extended Replacement = $605,000 Total Coverage to rebuild th...
Account Closed
Insurance and House hacking
Hi all, I closed on my first deal last week, a SFH. I’m hoping to make some cosmetic changes then house hack for a year. My question is should I consider having more than general home insurance? Should I have an umbre...
JR Woolf
Insurance issues with STVR
Has anyone ever had a problem getting a STVR insurance policy due to the fact that the property had a working fireplace? StateFarm said they could not underwrite a policy as a vacation rental if there was a working f...
Larry T.
3 insurance policies?
We have an LLC and have a commercial liability policy with fire and dwelling, as well as the umbrella policy that extends liability limits beyond the original policy. Do we also need "Landlord" Insurance? Or is that...
Elisa Zheng
Residential VS commercial loan for multiple fourplexes
Hi everyone, I'm new to multifamily investing and my realtor sent me a few fourplexes on separate lots in the Chicago suburbs. I'm thinking about buying 4-6 of these fourplexes. I'm debating if I should get one commer...