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Let's assume I have both homeowner's insurance on a SFH rental as well as personal umbrella insurance. The SFH is owned in my name, not via LLC. Let's assume my umbrella policy covers me up to $10MM in liability, just...
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Hello BP, I am currently building a business model and researching types of organizational structures and their implications to real estate, the question is what business structure do you use and why? LLC, C-Corp, S-C...
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My husband and I just bought a duplex and moved into one of the apartments two weeks ago in Middletown PA. There is a large dog that lives upstairs that was friendly when we met it originally in the tenant's apartment...
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This question is for anyone out there.
I started out putting my properties under an LLC here in tn, but upon the tax advice of our CPA, we just closed down our LLC and just changed to having a bigger general liabilit...
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Hello,I was looking for some advice.Background: I have 2 rentals, both are in my name right now, they are insured and I have an umbrella policy. 1 property is under a mortgage and the other I own free and clear. My st...
What kind of homeowners insurance do you guys have on your rentals, are your properties covered from tornado damage, flooding/wind ?
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This is for a SFH and an LLC that I don't own yet. I've been calling some insurance companies but still don't completely understand this.
I've been told by the insurance companies that I've talked to that the liabil...
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I have my portfolio setup in a fairly complex, but prudent way. I have a main LLC, which is a c-Corp. It controls the financial reserves, expenses and payroll. Each property is in it's own LLC owned by the main LLC...
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My wife and I are looking to purchase a 2nd home to rent out with VRBO/Airbnb. We are working on finishing up the financing side of things but have a few questions when it come to tax, insurance and liability:-We are ...
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I've been reading relentlessly on here about this topic, but I'm hoping someone can give me some advice before consulting an attorney. This would be our first rental. Purchasing a rental property with someone who has ...