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Updated over 4 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • New to Real Estate
  • from Chicago, IL
  • Member since Aug 5, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • New to Real Estate
  • from Chicago, IL
  • Member since Aug 5, 2017
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Account Closed
  • New to Real Estate
  • Chicago, IL
1
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3
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Managing Your Property

LLC and Property Management

Account Closed
  • New to Real Estate
  • Chicago, IL
Posted

Do you need to get a LLC if you have a property manager looking over your rentals?

I was told that you did not need to create an LLC if you had a property management company taking care of your rentals. Can anyone help me out with this one?

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Mike S.'s profile image
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Mike S.
  • Investor
  • from Broward County, FL
  • Member since May 16, 2018
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Mike S.'s profile image
Mike S.'s profile image
Mike S.
  • Investor
  • from Broward County, FL
  • Member since May 16, 2018
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Mike S.
  • Investor
  • Broward County, FL
933
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Mike S.
  • Investor
  • Broward County, FL
Replied

Same answer as above.

A property management will not protect you from outside liability, and you may be protected from some but not all the inside liability.

You will still be sued anyway as the owner.

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