So from previous lesson on creating LLC for protection. My attorney here in VA tells me that if I manage the properties I shoulder the liability no matter the LLC. His solution was umbrella policies and renters insurance paid for by the tenants. The renters insurance is super cheap, literally a few dollars for a week/ $125/year. I’m so grateful you brought this to my attention for both my Airbnb property and my long term rentals. You are in fact the man Richard.
Be sure to review your insurance policy to make sure it covers your tenants that are not listed on the policy as the policyholder. The policy may state something about guests contents. Some renters policies do not cover contents for people that are not family or listed on the policy.
Thank you for keeping us up to date, thanks again! I for one appreciate your insight Richard.
So from previous lesson on creating LLC for protection. My attorney here in VA tells me that if I manage the properties I shoulder the liability no matter the LLC. His solution was umbrella policies and renters insurance paid for by the tenants. The renters insurance is super cheap, literally a few dollars for a week/ $125/year. I’m so grateful you brought this to my attention for both my Airbnb property and my long term rentals. You are in fact the man Richard.
Be sure to review your insurance policy to make sure it covers your tenants that are not listed on the policy as the policyholder. The policy may state something about guests contents. Some renters policies do not cover contents for people that are not family or listed on the policy.
Did you hear back?
Hi Richard I would like to come to the event in November do you know where about it will be held please
Thanks. Kit Barker ( Kits-Place ) superhost
Hey Christopher - it’s in Miami here’s the link to sign up: geni.us/3HIEszc would love to see you there