Transfer properties to LLC
I have five rental properties that I want to transfer to an LLC. While the transfer process seems to be easy enough, I am having problems with the insurance and mortgage companies.Both have told me that they would drop coverage/call the note if that happens.
I do have a personal umbrella policy, just as a side note.
How do I go about this? I am in NC if that matters.
Any pointers appreciated. Thanks in advance.