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Updated over 8 years ago,
New Landlord. Could use some help...
Dear BP Community,
Hope everyone is having a great summer.
I am looking to rent my 1BR condo in Hoboken, New Jersey during the fourth quarter of 2016. I had a few questions for the community:
1) Do people recommend me putting the property in a LLC to limit my personal liability? Or should I take out an insurance policy to cover me on that? I also need to figure out how the LLC would affect my personal tax returns.
2) Does anyone have any good recommendations for a real estate attorney in or around Hoboken that could review my leases for me?
3) Does anyone know a good CPA/Accountant in or around the Hoboken area that could help me?
Thanks BP!
Martin