Oh, and what's the likelihood of a judgment against a landlord ever going beyond a $1M umbrella plus the $300K for a liability in a landlord insurance policy?
I am a Maryland resident and own rental properties in MD, OH, CO and FL. I also have liquid assets in the bank. If a tenant were to prevail in a lawsuit because of some mishap or situation at the property, could s/he have access to the equity in my other rental properties via a lien, for...
Thanks. I have no concept of the dollar value of the average judgment against a landlord for negligence. I hope it never happens, and I guess statistically it's unlikely, but just for the sake of discussion, what's a ballpark judgment (in dollars) for a serious injury?
Or more simply, is a...
I own several rental properties and also have liquid assets in the bank. If a tenant were to prevail in a lawsuit because of some mishap or situation at the property, could s/he have access to the equity in my other rental properties via a lien, for example?
Could I ever be forced to sell...