Quit/Warranty Claim Basics

[Corby Goade]

I've been a landlord for a few years now, and had 3 SFR's in my name that I own and manage. I've recently purchased two duplexes and am getting serious about growing at an accelerated rate.

I have an LLC, and for purposes of personal asset protection, I'd like to quit claim my properties into my LLC, and likely start up another LLC or two, putting a couple properties in each. How complicated is this process? It seems that I can fill out the paperwork, turn it in to the state recorder and be done with it?

Is the process for a warranty deed different? Which is preferable in my situation? Advice on how to proceed would be greatly appreciated. 

[Account Closed]

If the property is finance, you need to worry about the due on sale clause when you transfer into a LLC, and an LLC will not protect your asset. Get a good insurance policy and be protected.

Joe Gore