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Updated over 9 years ago on . Most recent reply

Yan B.'s profile image
Yan B.'s profile image
Yan B.
  • from BUFFALO GROVE, IL
  • Member since Sep 9, 2015
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Yan B.'s profile image
Yan B.'s profile image
Yan B.
  • from BUFFALO GROVE, IL
  • Member since Sep 9, 2015
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Yan B.
  • BUFFALO GROVE, IL
2
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17
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General Landlording & Rental Properties

Should I incorporate?

Yan B.
  • BUFFALO GROVE, IL
Posted

I am wondering if it makes sense for me to incorporate before I purchase my first rental property? Would it help from legal, financial, or any other point?

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Bryan O.'s profile image
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Bryan O.
  • Specialist
  • from Lakewood, CO
  • Member since Nov 2, 2014
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Bryan O.'s profile image
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Bryan O.
  • Specialist
  • from Lakewood, CO
  • Member since Nov 2, 2014
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Bryan O.
  • Specialist
  • Lakewood, CO
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

Your entity is just one more layer in a list of protective layers:

LLC

Rental property insurance

Renter's insurance (I require this)

Umbrella insurance

Error and omissions

TENANT SCREENING!

Did you pick up what I thought the most important was?  ;)

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