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Updated almost 3 years ago on . Most recent reply

User Stats

51
Posts
12
Votes
Nina Zou
12
Votes |
51
Posts

How to protect my paid off rentals?

Nina Zou
Posted

I currently have 10 units, 4 paid off. 

I have enough umbrella to protect them. Since they are all under my personal name currently so lawyers will be able to find them easily if there is any lawsuit against me.

So what is the best way to minimize the exposure of my assets to the potential liabilities?

LLC?

Land Trust?

Or my current umbrella is enough cos 10 units are too small to consider all of those things?


Any suggestions pros?

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