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Updated 7 months ago on . Most recent reply

User Stats

6
Posts
4
Votes
Shanil A.
  • Rental Property Investor
  • Charlotte nc
4
Votes |
6
Posts

Moving rental properties to LLC

Shanil A.
  • Rental Property Investor
  • Charlotte nc
Posted

Looking to move my properties under an LLC. Need assistance with getting this done. Do i need an attorney to do this? If so, does anyone know or can recommend an attorney to can assist with this in the Charlotte area?

Most Popular Reply

User Stats

6
Posts
4
Votes
Shanil A.
  • Rental Property Investor
  • Charlotte nc
4
Votes |
6
Posts
Shanil A.
  • Rental Property Investor
  • Charlotte nc
Replied

Everyone - thank you all for your advice. @Jason Allen - yes i was able to create it myself -pretty straight forward process.

@Wyatt Wolff - I am moving under an LLC simply for protection from any law suites. I do have an umbrella policy but am simply adding more protection by moving to LLC. I recognize that creating an separate LLC for each unit would provide the most protection but that would create a lot of administration on my part. So moving them under 1 LLC. Do you have a different perspective or advice to share?

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