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Results 1 to 9 of 9
  1. 02-17-2008, 07:31 PM #1
    GAMM
    GAMM is offline Renter
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    Feb 2008
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    1

    Default 4 Rental Properties - NO Protections

    Good Evening,

    I reside in Los Angeles and I have been maintaining 4 rental properties with no protection. I know it's scary but I need guidance on this.
    1. Burbank, Ca
    2. Las Vegas, NV
    3. Dallas, TX
    4. Phoenix, Ar

    I know one option for me is creat an LLC for each property I owned. Does anybody know any other ways to protect myself? Does anyone have a Series LLC at any other states but resides in California?

    Any assistance or suggestion is greatly appreciated! Thank you.
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  2. 02-18-2008, 06:32 PM #2
    jcdykes
    jcdykes is offline Fixer Upper
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    Default

    You could start out by forming a common LLC to be the property owner or manager. Then you could look into creating Land Trusts with the LLC as the Beneficiary. The land trusts will be specific by state but would help protect you from predators.

    Good luck.

    JCDykes
    Western PA
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  3. 02-23-2008, 08:05 PM #3
    STL Landlord
    STL Landlord is offline Renter
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    Thumbs up

    I would have an llc for each property. Beyond that, probably not a bad idea to have an umbrella policy.
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  4. 04-30-2008, 01:47 AM #4
    manish123
    manish123 is offline Renter
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    Default

    Umbrella policy is another option which you can opt.
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  5. 05-05-2008, 04:17 AM #5
    rainier
    rainier is offline Banned
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    Default

    you should have an LLC for protection
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  6. 05-05-2008, 01:30 PM #6
    jdonnovan
    jdonnovan is offline Fixer Upper
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    Default

    I too vote for going with the LLC's to save your backside and I wouldn't wait to much longer for doing so.
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    Market your real estate business online - free information!
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  7. 08-27-2009, 02:33 AM #7
    vishalsh
    vishalsh is offline Renter
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    Default phoenix property management company

    you can find secure and safe property in phoenix through phoenix property management company
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  8. 08-27-2009, 04:47 PM #8
    vijendrasnv
    vijendrasnv is offline Banned
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    Default

    Hi,
    I too vote for start out by forming a common LLC to be the property owner or manager.

    Thanks!!
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  9. 08-29-2009, 10:28 AM #9
    linkers
    linkers is offline Fixer Upper
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    Default

    I think STL LandLord is right If I would be in the situation like you I will follow STL
    The fastest way to get quick cash for house Hassle free cash for property when you want to sell house fast and want to sell house for cash quickly. Call and say sell my house.
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