Re: transfer rental property into an LLC - Landlord Forum thread 326126

Re: transfer rental property into an LLC by P-Bone (NY and OH) on October 22, 2014 @07:48

I agree. In the long run, increased insurances and umbrella insurances are probably a better way to go unless you have a significant amount of real estate holdings, are well financed and capitalized, and would likely be paying others (lawyers) to act on your behalf anyways. Otherwise, I don't think it's overly worth it. If the LLC is not capitalized properly with enough assets to cover liabilities or if any liens or mortgages are backed by you personally (your credit), then the protections won't hold up.

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