Fortunately no one was injured and the home was not damaged.

If a tenant is injured at property 1, and wins a $750,000 judgment, he will be able to put a lien on BOTH properties for the entire $750,000.

One property that I bought had a judgment from where the owner got in a bar room fight and injured somebody who sued him for medial bills and got a judgment.Un recorded liens like welfare, DPW, and some state liens are not recorded.  

If someone injures themselves and sues, they will be suing the LLC and not you personally.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

If somebody is injured (or worse) on your property due to negligence you could be held personally liable.

Hi Peter,It might be smart to find out why it's gapping.I am aware of a situation where there were several people out on a balcony during a party, it collapsed due to structural problems.A young lady was injured very badly.It might be smart to find out why it's gapping--and fix the problem vs just weather proofing it.Good Luck!

The more novice investors are worried about losing everything if a tenant or someone gets injured on their rental property.

If someone were to get seriously injured on one of those properties above the liabilty covergage that I have, wouldnt the other 2 properties in the LLC be at risk?

I think I will love my fiancé and friends more tomorrow. Take the day a little slower than normal. May even call in sick.

Shit like this makes me realise more and more that at any moment those around us or we ca...