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Updated over 6 years ago,

User Stats

33
Posts
18
Votes
Jessie Griffin
  • Rental Property Investor
  • Saint Petersburg, FL
18
Votes |
33
Posts

Transferring Deed to Business After Purchase

Jessie Griffin
  • Rental Property Investor
  • Saint Petersburg, FL
Posted

Howdy - We just purchased our first short-term rental that is in mine and my wife's names. We will be collecting tax and reporting it each month. We want to run everything through our business and found out the government will not accept our tax application if the title on the property is not the business. We need to transfer the deed into the business name. I assume this should this be done with a Warranty Deed and not a Quit Claim Deed so not to cloud the title later on? If so, can we process the warranty deed paperwork ourselves or do you need a lawyer? LegalZoom wants $250+. This seems quite silly since we are just transferring to ourselves essentially with no money exchanged. Any help is greatly appreciated.

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