To get better financing terms, I bought a rental property under my own name. What is everyone's best practices for landlord liability insurance? $500K, $1MM? Does it make sense to have a higher deductible over a small...
I own two investment properties for 10 years with mortgages on both… And would like to transfer the title of the mortgages into an LLC… To which I am finding that no bank wants to… Does anybody know how I can do this
Hey guys!What does everyone have for coverage for homeowners insurance on their rental properties? I’m about to close on my first property shortly and comparing quotes I’m not sure what is needed/what isn’t or if it’s...
I own a property in my personal name that is insured under my personal homeowners policy and also an umbrella policy. However, I operate the property management under an LLC. Do I need a separate insurance policy for ...
Hey everyone,
I'm just curious as to what amount of liability insurance coverage most people have on their SFR's?
My insurance agent wrote up a policy for $500,000 of liability coverage plus $1,000 medi...
Hi BP Friends,
I would like to setup my investment property under an entity or corporation. I want to protect myself against tenant liability and asset separation protection.
Doe...
I have heard getting an LLC and EIN to manage my first rental as a business was good. But an experienced friend just told me that it is actually better to get Umbrella Insurance because if set up as an LLC I can still...
Hello, I'm Paula and I've been interested in real estate for quite some time now and I'm ready to make that next step.Throughout my research, I did not come across any information suggesting whether or not a real esta...
I closed on my duplex last year in MA, and I'm living in one unit and renting the other out. My question falls on insurance for the Dwelling - should this cover the entire appraised value of the house? Right now my ...
Hi, I am sure there are lots of posts on this but it seems I am always getting conflicting opinions. It is so much easier to finance in my own name vs LLC. What are the best ways to protect yourself from liability? D...