The Ultimate in Protection for Investors
One of our goals here at Robert Anthony Real Estate is to protect our investors. Through Series LLCs we are securing an incredible level of protection for our investors. Each property should be run like a separate business, each property’s expenses and income will flow through their respective bank account. If you feel this is excessive, no need to worry, you can combine LLCs via quit claim deed if you would like. The reason we are so adimate about utilizing Series LLCs is that this process provides an incredible level of protection for investors. A wide variety of potential law suits may largley be covered by your home owner’s insurance policy. This is our first line of defense. Our second line of defense is the Series LLC. If you really want to protect yourself there is a 3rd recommendation that I could give you.
If you are having a roof installed, it’s always a good idea to have yourself added to the Roofing Contractor’s General Liability Policy AND their Workman’s Comp Insurance. There is no cost to do this, (I just recently did this) and it provides another level of protection. There are all sorts of ways that you can protect yourself, but in my opinion these 3 layers of protection, in conjunction, are nearly iron clad.
Nothing in this world is certain, but these 3 steps will be a tremendous way to indemnify yourself, and allow you to sleep easy at night.