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Updated over 2 years ago on . Most recent reply

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Andy Vasquez
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Andy Vasquez's profile image
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Andy Vasquez
  • Member since Apr 19, 2022
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Andy Vasquez
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42
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General Landlording & Rental Properties

Protecting Assests Without Transferring the Deed

Andy Vasquez
Posted

I live in DC and want to rent out the house that I am living in today. It is my understanding that I cannot transfer the deed into a LLC without paying a huge transfer fee. Is there anything I can do to protect myself from potential legal issues? Ideally, I would have liked to set up a LLC, but that doesn't seem reasonable when considering the fee associated with it.

Washington, DC
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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
3,253
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
Replied

@Andy Vasquez, purchase an umbrella insurance policy for liability coverage. 

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