We are starting a 9-member LLC to buy real estate. One of the potential members has a substantial lien against him for failing to have auto insurance during an accident. He may even file for bankruptcy. Will his situa...
Goldman Sachs released a reporting stating that 300 million jobs will be replaced or displaced by AI in the near future. If this happens we will see a severe housing recession because people won't be able to pay rent...
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I'm going through the purchase process for my first two buy and hold rentals in Philly right now, but I have no idea what kind of insurance policies I need to carry. I've been going through the forums but I can't see...
Right now I have no liability insurance on any properties. All are owned free and clear so I don't have to have insurance but I'm worried that a tenant will slip and fall in the tub and sue me. I have fire on a single...
Hello - I would like to get some feedback on how to properly handle this scenario. A tenant who is on a month-to-month lease recently drove his car into the garage door on my rental property, causing irreparable damag...
I'm reading Dave Van Horn's articleMaybe You Shouldn’t Start an Entity. Consider 4 Alternative Asset Protection Strategies Instead.And it got me curious. Almost everyone suggest getting an umbrella policy since it's r...
I just purchased my 4th rental property, and currently own all properties under my own name...no LLC. I know there are different schools of thought on how to structure the business. Does anyone know a fair, reasonab...
Hi,I just bought a large property in NJ that has a main house, an attached in-law unit (proper permits were obtained when it was built) and 5 garages. The prior owner ran a construction company out of the property whi...
I'm looking for some knowledge around insurance. I own a rental property and it is a LLC. The property has 2 different units on it. The main house and an accessory dwelling unit. Each unit is rented out to different t...