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Updated 10 months ago on . Most recent reply

User Stats

36
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10
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Ashish Wa
10
Votes |
36
Posts

Help with Lease questions

Ashish Wa
Posted

Hello I have a question. So on the lease, is it good to have just me as the landlord if the property is jointly owned by my spouse and I ? Any pros and cons of just having me as the landlord ? Or it's better to have both of us? Please share your input.

I would also appreciate any must have additional clause to be added in the lease. The property is in GA

Most Popular Reply

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346
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221
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Nathan M kiefer
  • Rental Property Investor
  • south carolina and michigan
221
Votes |
346
Posts
Nathan M kiefer
  • Rental Property Investor
  • south carolina and michigan
Replied

I would never own a property in my personal name except the one I live in. Your exposure is compounding due to having it in you or wife's name. Put in LLC so you can realize the benefits and have the protection of the LLC when liability comes your way

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