Asset Protection
From legal protections and insurance to proactive maintenance and seasonal safety, dotting your i's and crossing your t's will protect both your assets and your business. Here's what you need to know to get it right.
Back To: All Topics | Operations
Asset Protection
From legal protections and insurance to proactive maintenance and seasonal safety, dotting your i's and crossing your t's will protect both your assets and your business. Here's what you need to know to get it right.
Back To: All Topics | Operations
Protecting Yourself When Purchasing a Property: Tips and Tricks
Buying a property is one of the most significant investments you will ever make in your lifetime. Whether it's a residential or commercial property, it is crucial to protect yourself from any potential risks and liabilities that may arise during the purchase process. In this article, we will discuss various ...
The branch of law dealing with asset protection ...
A collection of laws, strategies, and practices that make it difficult for one party to abuse the legal system to take things from another party ...
Are Series LLCs a Good Choice?
In 1996, Delaware introduced the series LLC. As one of the newer entity choices, series LLCs are an interesting creation. The idea was derived from Delaware’s statutory trust law, which was popular with mutual funds. Under this law, an investment company could form a trust with separate series, each with ...
How Can I Lower My Homeowners Insurance Rate Living in Tornado Alley?
Most states have certain natural disasters that they’re prone to. In California, it’s earthquakes; along the coastal cities, it’s hurricanes and flooding. And then there’s Tornado Alley. Although it’s not formally defined, Tornado Alley is commonly understood as areas in Texas, Louisiana, Oklahoma, Kansas, South Dakota, Iowa and Nebraska, with ...
If you invest in or syndicate real estate, what are your duties to your investors? You owe them a duty of loyalty. But how far does that go? The issue of corporate opportunities is important. I wrote a whole chapter on it (from which part of this is excerpted) in ...
Insurance for Your Perfectly Designed Investment Property
You’ve decided on your first, third, or hundredth new investment property, and now the real work begins. Is the property turnkey ready for tenants? Does it need some cosmetic rehab, or maybe some more extensive work? Is it a ground-up construction project? The answer to those questions will help you ...
The Ins and Outs of Real Estate Investing Insurance
Real estate investing moves fast. Especially in today’s market with rising interest rates, and supply chain issues, you don’t have time to waste. If you find a deal, you need to close—yesterday. Understanding the ins and outs of investment real estate insurance is one way you can avoid delays and ...
Design Your Asset Protection Plan With Diligence
You design a lot of things in your life—the layout of your house, the flow of your business, the requirements for your children. These and many more scenarios are all elements of conscious design. Asset protection is no different. There is an architecture—a cohesive structure—to your properly planned legal safeguards ...
Unfortunately for real estate investors, separating fact from fiction when it comes to land trusts can be difficult. A land trust is a simple tool that has been around since King Henry VIII ruled England. Its purpose then, to hide ownership of land (so a commoner would not have to ...
The Series LLC for Real Estate Investors
For those unfamiliar with a Series LLC, think of it as one company with multiple subsidiaries. Each subsidiary operates as a separate entity with a unique name, bank account and separate books and records, separate liabilities, and possibly even different owners and or managers. However, unlike a traditional parent-subsidiary relationship ...
Think Realty Podcast #152 – Get Your House in Order
There is a thirst for financial education, and this guest has traveled the world fulfilling that thirst. Author and Rich Dad Poor Dad advisor Garrett Sutton is on this episode and you won’t want to miss it! Garrett and Abhi talk asset protection, insurance, LLCs and more. This is important ...
In the Ring of Investment Protection
How hard can it be?” a prospective client for my former property management business asked. “Well, it really depends on…” I started. Before I completed my sentence, he couldn’t help himself from throwing another jab, trying to get me on the ropes. “Depends on what?” he interjected. He was setting ...
Clint Coons Clears Up Investment Misconceptions
Through nearly 30 years of business, Clint Coons has seen real estate investors employ a variety of strategies based on fallacies, misinterpretations, and just plain bad advice. Here are three such misconceptions that Coons most frequently sees in his work: Your insurance will protect you from lawsuits While you should ...
Free Webinar! Asset Protection Planning for Real Estate Investments with Clint Coons on 12/11/19
Real estate investors face more risk than other investors. If you’re serious about your investing, you need to take steps to protect your assets and plan your business. As a partner at Anderson Business Advisors & Law Group, Clint Coons is a real estate asset protection expert and avid real ...
Protect Your Real Estate Investment from These Elements this Winter
Protecting your property in the winter can mean protecting it from the cold, but there are other elements that can be particularly punishing if you don’t develop a healthy respect for them, namely Earth, Water, and Fire. Read on to find out how you can protect your property from Earth ...
ALPS Helps Keep Your Properties Safe
Affinity Loss Prevention Services (ALPS) is your source for information and resources to help you avoid preventable losses at your investment properties. Any loss costs you money, but it could also result in serious injury, the loss of a tenant or a claim, causing fluctuations in your insurance costs. If ...
Should You Invest in Areas Hit by Natural Disasters?
In the wake of Hurricane Harvey, signs of the storm damage are everywhere. Not all those signs are related to property damage, though. While there are plenty of homes devastated by flood waters and mold, mildew, and other water-related damage, there are also a number of bandit signs on the ...
Reduce Your Risk of Mold After a Flood
With parts of the country receiving large amounts of rain in a short period of time causing flash flooding we thought we’d share some tips from our friends at Green Home Solutions on how to reduce the risk of mold after a flooding event. Reduce Your Risk Step 1| Remove Water Remove ...
10 Item Checklist for Pre-Winter Maintenance
This easy to use checklist created by Think Realty’s sister company Affinity Loss Prevention Services, is a great way for you to get your properties prepared for the upcoming winter. 1| Inspect the Roof, Soffits, and Fascia Boards ☐ Using binoculars is a safe alternative to climbing a ladder. ☐ Check for ...
Hurricanes: How to Weather the Storm
As the victims of Hurricane Harvey pick up the pieces, we at Think Realty hope you, our readers, your family, friends and pets are safe. As evident by several impactful hurricanes over the past two decades, TR wants to share some tips and advice from our sister company Affinity Loss ...
5 Insurance Takeaways from Oakland’s Ghost Ship Fire
Last year’s warehouse fire in the “Ghost Ship” building in Oakland, California, has been called the nation’s deadliest structure fire in more than 14 years. The fire was a three-alarm fire, requiring 52 firefighters to bring it under control. The fire caused 36 fatalities and building losses of more than ...
Property Insurance Series: “It’s Not Covered” – Flood
Welcome to our “It’s Not Covered” - Flood, series. We hope these quick reads help you increase your understanding of your insurance coverage, clear up confusion and avoid preventable losses! **Notice some unusual punctuation or capitalization in this insurance article? These anomalies are not typos, but deliberate. When covering insurance-related ...
Property Insurance Series: “It’s Not Covered” – Named Storms
Welcome to our "It’s Not Covered" property insurance series. We hope these quick reads help you increase your understanding of your insurance coverage, clear up confusion and avoid preventable losses! So, what’s the confusion? If you have properties in coastal locations, it’s not always clear if you have coverage when ...
Failed Asset Protection: A Case Study Provided by Legally Mine
“You have two options available to you when it comes to lawsuits: forget them and hope the snake never strikes, or legally chop the snake’s head off before it strikes,” said Steve Broadley, of Legally Mine asset protection services. During his training session at the 2017 Think Realty National Conference ...
