Transfer of Property To LLC

[Daniel Serrano]

Hello all,

I am attempting to transfer a rental property from my name to my LLC. I have been reading numerous articles and what I have discovered is to hire a title company to have them move the deed to my LLC. Is this best possible way to go about this situation?

Thank you! 

[Chris Seveney]

Quote from @Daniel Serrano:

Hello all,

I am attempting to transfer a rental property from my name to my LLC. I have been reading numerous articles and what I have discovered is to hire a title company to have them move the deed to my LLC. Is this best possible way to go about this situation?

Thank you! 

Why are you doing this? That is the question you should first ask yourself. Transferring can cost thousands of dollars per year to make someone think they will sleep at night from "getting sued", but reality is get a property manager and an umbrella policy and that is better asset protection than a LLC. There are probably more cases of title claims no longer covered because of this than there are people getting personally sued.