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Updated almost 15 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
280
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2,498
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How many who self-manage their properties still use an LLC?

Bienes Raices
  • Orlando, FL
Posted

I've heard conflicting things (even from different lawyers) about whether an LLC really gives you liability protection (inside liability from injury to tenant, guests occurring on property) if you're self-managing the property. I'm curious how many here use an LLC if you're self-managing?

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2,498
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Bienes Raices
  • Orlando, FL
280
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2,498
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Bienes Raices
  • Orlando, FL
Replied

By "self-managing" I meant actually being the person whose at the property doing repairs etc. (instead of using a property manager). From what I've heard you can still be sued as an individual (and lose) in this situation even if you own the property in an LLC. So I'm not really talking about corporate veil piercing.

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