Both of my uncle's have died and neither left me any apartments. But if they had, knowing what I know now, my first step would be to find an attorney who can put that property into one or more Limited Liabilty Companies. One LLC if the apartments are in one building, multiple LLC's if two buildings. That is the first step I'd take to reduce my possible liabilities. By doing this, if a ny of my tenants sue me for damages, all the court can see is the apartments, not my personal assets. I learned this from a very astute attorney working with a client of mine.
Next, I'd find a trustworthy, general lines insurance broker and give him the situation with your apartments. General lines (someone who sells more than car and life insurance) and broker (represents more than one company) to recommend the best insurance coverage for your needs.
That's what I'd do. But I wouldn't offer you any legal advice.
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