What can I do to protect myself, as I want to avoid inheriting a tenant who may not pay rent on time or may need to be evicted after closing?

Both you and your wife should take the time to schedule a session together with an asset protection attorney who knows Connecticut and New York law.Good Luck!

Just be sure you’re clear on the legal obligations and timelines to protect yourself.You’ve got time here since their leases are up in April 2025.

A reliable tenant minimizes issues and protects your cash flow.

Free platforms are available to landlords that protect you so you don't miss the state return policy.

., lawsuits from tenants), your personal assets could be at stake.Buying Under an LLC: Limited Liability Protection: The main advantage of buying under an LLC is the protection it offers.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Well, that low hanging fruit has been harvested.

However, here's a general guideline that you might consider:Stocks: 50-60%Stocks offer the potential for long-term growth and can help protect against inflation.

It’s really not hard to find someoneFor example people who buy a loan in their name and move it to LLC - some say for asset protection and some say to hide their name - well the recorded mortgage is still in their name and it’s a quit claim deed to a LLC so it doesn’t take a rocket scientist to figure who owns the LLC