REI Wealth Monthly Issue 12 | Page 12

ARE YOU HOLDING YOUR REAL ESTATE THE RIGHT WAY? GARRETT SUTTON here is risk in owning real estate. You are dealing with tenants, vendors and even strangers who interact daily with your ownership of the property. And one of them can become injured and sue. While in-surance is the first line of defense, not every claim will be covered. Insurance companies have an economic incentive not to pay out on every single claim and may find reasons not to cover you. As well, you are operating in the most litigious society on earth. There is a litigation lottery mentality at work in our country. If you own assets there are predators out there willing to play the angles within the legal and medical system to take them from you.