Landlord Question and Answer Forum
What are the current suggested better methods of asset protection with rental income properties. I have read that a single trust as title holder for each property with the trust beneficiary being an LLC or Corp. Also, would the same hold true for commercial income property? We own duplexes, fourplexes and single family units along with one commercial building with two tenants.
JIM R, OR on Thursday, March 23, 2017
RE: Asset Protection
Yes Hold the rental properties in one or more limited liability companies. Best way to protect your assets! My opinion.
Posted by
Bea S, SD
on
Tuesday, March 28, 2017
RE: Asset Protection
I agree. Asset protection in estate planning is an excellent strategy to protect yourself from lawsuits. It can be a complicated matter for some, therefore it is always recommended to hire a real estate agent having a good career in real estate NJ (http://century21cedarcrest.com/careers) market to help us with the strategies and plans. This would also reduce some stress upon the asset holder.
Posted by
Donald S, NV
on
Tuesday, March 6, 2018
RE: Asset Protection
20
Posted by
jahfwkwi j,
on
Wednesday, April 3, 2019
RE: Asset Protection
20
Posted by
jahfwkwi j,
on
Wednesday, April 3, 2019
Author:
ben h, PA
Updated:
04/25/2022
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Author:
adffe s,
Updated:
07/18/2022
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Author:
Harry D, MD
Updated:
04/03/2019
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Author:
Carmelo S, KY
Updated:
04/03/2019
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Author:
dwayne_graves o, FL
Updated:
09/18/2019
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