Episode 46: Treating Your Rental Property Like a Business (not a hobby) with Guest, Wesley Henderson
The Accidental Landlord
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The Importance of Proper Insurance
In California, it's a minimum $800 tax every year if you have an LLC. So I wouldn't underestimate the ability of insurance to be a problem for you. You need to go and say, hey, make sure that I'm covering tenants. This is an alorental property. It can come up where if you don't get property design, not for homeowners and they'll figure out something that slips through the cracks there.
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