 Asset Protection (by Tammy [CA]) Feb 14, 2017 7:30 PM
 Asset Protection (by Mike45 [NV]) Feb 14, 2017 7:36 PM
Asset Protection (by Jim in O C [CA]) Feb 14, 2017 8:24 PM
Asset Protection (by Robert J [CA]) Feb 15, 2017 3:17 AM
Asset Protection (by Ray-N-Pa [PA]) Feb 18, 2017 5:25 PM
Asset Protection (by Randy Hughes [IL]) Mar 7, 2017 3:04 PM
Asset Protection (by Tammy [CA]) Posted on: Feb 14, 2017 7:30 PM
Message:
State Specific Question About: CALIFORNIA (CA)
What AP worked for rental properties in CA? --68.7.xxx.xx |
Asset Protection (by Mike45 [NV]) Posted on: Feb 14, 2017 7:36 PM
Message:
A nice big umbrella policy.
Unless you face lazy or incompetent attys, and/or unless you are willing to commit perjury, the usual scams will not work.
--71.2.xx.xxx |
Asset Protection (by Jim in O C [CA]) Posted on: Feb 14, 2017 8:24 PM
Message:
A good umbrella policy is your best alternative. To put your property in LLCs is a futile attempt to protect your assets .
All you can do is to keep your properties in good repair, up to code and follow the laws. --108.196.xxx.xx |
Asset Protection (by Robert J [CA]) Posted on: Feb 15, 2017 3:17 AM
Message:
1) Education. Joining an association with monthly magazines and articles alerting landlords to new Laws, Rules, Codes and Form.
2) Good Landlord Insurance
3) An Umbrella policy with extra coverage when liability is concerned.
4) Fix things quickly and have little deferred maintenance.
5) Employ only professionals, they not all be licensed, but they should have insurance, skills and references. --47.151.xx.xxx |
Asset Protection (by Ray-N-Pa [PA]) Posted on: Feb 18, 2017 5:25 PM
Message:
If you are down in SoCal, Ward Hanigan at INNOVEST has an excellent trust workshop available --24.239.xx.xxx |
Asset Protection (by Randy Hughes [IL]) Posted on: Mar 7, 2017 3:04 PM
Message:
I believe in insurance too however, if you read your policy it does not cover a lot of issues AND many policies do not cover Defense Costs....you can go broke defending yourself against frivolous lawsuits and be totally innocent. So, put each property into its own trust and keep your asset separated (this is a basic tenant of asset protection). Then, consider making your LLC or Corporation the beneficiary of the trusts. --76.191.xx.xxx |
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