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

Even the tenant can sue you if they injure themselves.  

And do not even think about using the illegal basement as-is...imagine a fire breaking out and someone getting injured or worse....that would all be on you.

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

If the roof wasn’t installed to meet safety standards, and crashes down, severely injures or kills the tenants, and the insurance company denies my claim, I’d be screwed.I emailed my insurance agent, asking whether my insurer would deny a claim in this hypothetical scenario, she emailed back and said, “To answer your question about SFIC approving or denying a claim, I really can’t answer that question.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

I'm not sure about the potential for liability in a wrongful death suit if somebody is injured or killed in the fire, but definitely would not want to find out personally, nor would I want to live with that on my conscience.  

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

.--- Another lawsuit from a prospective tenant that slipped during a showing and when they grabbed the handrail, installed by owner's contractor, it collapsed and person injured.- Since we're not really in full control of the property, the Hold Harmless also indemnifies us against anything that goes missing at the property and squatters.We get asked/told to do all kinds of crazy stuff by owners, who either don't care what happens to us or haven't really thought everything through.Hope this addresses your question.

no reports of incidents with our residents but there were some people injured and some homes damaged.