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All Forum Posts by: Joe Thein

Joe Thein has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: Rent/Sublet property to LLC for liability protection

Joe TheinPosted
  • Rental Property Investor
  • Atlantic Highlands NJ
  • Posts 1
  • Votes 0

I live in NJ with a property that I want to rent out that is mortgaged in my name. I understand that deeding my property to a LLC can trigger a due on sale clause on my mortgage. Question, can I rent/sublet my property to a LLC for liability protection? I would still have umbrella and property insurance, this would only be for something catastrophic.

Thanks

0 Votes