Key Takeaways
- Landlord insurance + umbrella ($1-$2M for $200-$500/yr) essential.
- Require tenant renter's insurance ($100K+ liability).
- Hold properties in LLCs for liability separation.
- Maintain corporate veil—keep LLC and personal finances separate.
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Test Your Knowledge
1.What minimum landlord liability insurance is recommended?
2.What does an umbrella policy provide?
3.Why hold rental properties in an LLC?