I’m considering fire dwelling coverage or “landlord insurance” to protect myself in the event tenants start fire, flood, lost rental income, ect.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

No one has ever lived there so I am womdering do I need to purchase “title owner’s coverage”?

Debt Service Coverage Ratio shows the Bank, and yourself, that you will be able to use the income from the property to pay off the debt from the bank, after conservatively accounting for expenses and vacancy.

i get much better coverage than the newspaper. 

I believe it partly depends on your setup but always recommend a personal umbrella since they are pretty cheap for 1M coverage. 

Installing 2 - 3 of these should cost less than $250.Wireless alarm system - These days you can get a fairly comprehensive alarm system for well under $500.

In the age of Lyft, universal cell phone coverage, and the tow-anywhere $87/year AAA membership, you have a car payment. 90% of the American public makes the same unwise decision.

@Anthony Henriquez If any of your trusted partners ask you to fund a deal listed at 10k here in baltimore, make sure you conduct comprehensive due diligence. 

Hello everyone,Wanted to pop in to ask what everyone recommends for coverage on rental properties under an LLC.