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Updated over 7 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Ken M.
  • Rental Property Investor
  • Ann Arbor, MI
1
Votes |
8
Posts

Ann Arbor landlord needs best corp. structure to protect assests

Ken M.
  • Rental Property Investor
  • Ann Arbor, MI
Posted

Hello, My wife and I are landlords in Ann Arbor, MI and currently execute leases directly between ourselves and tenants.  I'm seeking a local professional and general advice on how to add a corporate structure that would better protect our personal/total assets if something were to go wrong. 

I do not believe I can transfer the house titles or mortgages into a corporation because of rules in the mortgages themselves. However, can I form a corporation for each house, lease the house to that corporation and then the corporation/LLC leases to the tenants?

Thank you 

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