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Updated almost 2 years ago,

User Stats

6
Posts
1
Votes
Sheyla Rodriguez
  • Rental Property Investor
  • Tampa, FL
1
Votes |
6
Posts

Legal asset protection

Sheyla Rodriguez
  • Rental Property Investor
  • Tampa, FL
Posted

After a few years of being able to rent 2 townhomes in the same HOA, now they mailed all owners a letter stating that we are not longer able to rent more than one property at a time.

The townhome is paid off and I was thinking of doing a quitclaim deed and transferring the deed to my 18 year old sister, in order to keep renting it. I trust her, if I didn't I wouldn't even consider doing this.....  My question ... is there a legal document that I can put in place stating that I am the only person allowed to sign or make decisions on this property ?  Also, can I still claim it on my taxes ? 

I have call a few different attorneys and I cant seem to get a response. 

Thank you all in advance. 

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