Steven May
Putting Properties form personal name to LLC
As I move into 2021, I plan to put my properties in LLCs - they are currently in my personal name. Yes, I know to get in touch with a local attorney based in real estate law - I plan to do so to help set up the LLCs b...
Joe Geist
TO LLC or NOT?
Hello BP community.My business partner and I are close to purchasing our first rental in New Brunswick NJ. Recently I had a conversation with an established flipper/investor who recommended not worrying about an LLC f...
Benjamin Klos
Sewer Iine insurance Pittsburgh rentals
Wanted to read some opinions on something my business partner and I have been looking into. Currently our umbrella policy does not have the option of adding sewer line insurance which we had purchased on several prop...
Nathan Emmert
Commercial Insurance Policy??
Do any of you buy and hold investor types have a commercial property insurance policy versus person policies on each property?
I am going to speak with an agent tomorrow and that's what he is proposing. The prices l...
Caleb Smith
Insurance for an LLC
My business partners and I recently formed an LLC to own properties. Right now, we have one property that we own together. We created the LLC for asset protection, but really want to make sure we are doing things righ...
Jared E Cummings
Personal Liability Coverage
I am purchasing my first short term rental property and am wondering if $500k in personal liability coverage will be enough or if I should go up to $1M? Had an issue with being able to transfer the mortgage to my LLC ...
Albert L.
"Additional insured" on rentals - any concern?
It seems like my policies with Real Protect on rentals with 1 million liability, the policy is under the name of Real Protect and I'm an additional insured. For this reason, I'm having trouble finding additional umbre...
Tamara R.
Need umbrella rental policy, don’t have car or primary.
Is there any way to get my rentals an umbrella policy if I don’t have a primary home or car? I just moved out of the country so my car is parked and all my houses are rented. What would you do if there isn’t such a ...
Eduardo Guerra
Living Trust Pricing
Hey there guys!I currently own 1 LTR and I'm in the process of closing on a second one here soon. I wanted to know what the typical cost for a trust is, what is the best trust for me and how many properties to put in ...
Cory Cook
Protection against Liability Claims (Insurance/LLCs/trusts/etc.)
Greetings BP, My wife and I have four rental properties, all tenant occupied (two in SC, one in DE, one in VA). We've owned each of the properties for several years, all cash flow, we have 30-year fixed loans on the ...