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Updated over 8 years ago on . Most recent reply

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4
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Yoshi Hakone
  • Houston, TX
0
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4
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Transferring a rented property to an LLC

Yoshi Hakone
  • Houston, TX
Posted

Hello everyone, I wonder if I could seek your advice. I have a single family home in Houston which is rented for 4 years until 2019. Under my name, no liens. Per everyone's advice I set up a single member LLC under my name.

A question is what kind of reactions from the tenant when I inform my intention to transfer their home to an LLC? Of course I will explain that the security deposits and all obligations under the existing lease contract will be transferred to the LLC. Legally it should be OK, but I would like to know your experience if you have done this with your tenant, please.

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