Landlord Question and Answer Forum

What is the easiest way to move your rental property under a LLC?

Beth C, OH on Saturday, January 31, 2015

RE: LLC

When you say move you are speaking of selling the property correct. You would make that sale the same as you would a personal sale. You would want a real estate agent as they would know specifics of what you would need and you accountant for the LLC on standby by. These two sources would be able to help you the best and get you on your way!

Posted by Justin R, IL on Sunday, February 1, 2015

RE: LLC

No, I bought this rental property in my name last May. It is a rental property and I just setup an LLC. How do I transition my rental property to be owned by my LLC?

Posted by Beth C, OH on Sunday, February 1, 2015

RE: LLC

P.S. Thank you for your response! I appreciate the help.

Posted by Beth C, OH on Sunday, February 1, 2015

RE: LLC

Simple. File a quit claim deed there is no sale that has to take place. You may pay around 35 in fees (depending on your town and local rates. Remember though when you purchased the property the title insurance was in your name. You "May" lose this and would need to file for it under your LLC name. I would strongly recommend that you do this.

Posted by Bill L, NJ on Saturday, August 22, 2015

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