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Updated over 10 years ago on . Most recent reply

Toua Lee's profile image
Toua Lee's profile image
Toua Lee
  • from Minneapolis, Minnesota
  • Member since Apr 2, 2015

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Toua Lee's profile image
Toua Lee's profile image
Toua Lee
  • from Minneapolis, Minnesota
  • Member since Apr 2, 2015
Toua Lee
  • Minneapolis, MN
0
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5
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Starting Out

LLC for your rentals....

Toua Lee
  • Minneapolis, MN
Posted

Reasoning behind getting a LLC for your rentals? Can someone explain how this works?

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Brooks Rembert's profile image
Brooks Rembert's profile image
Brooks Rembert
  • Rental Property Investor
  • from Woodbridge, VA
  • Member since Oct 16, 2014

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Brooks Rembert's profile image
Brooks Rembert's profile image
Brooks Rembert
  • Rental Property Investor
  • from Woodbridge, VA
  • Member since Oct 16, 2014
Brooks Rembert
  • Rental Property Investor
  • Woodbridge, VA
124
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229
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Brooks Rembert
  • Rental Property Investor
  • Woodbridge, VA
Replied

We hold our properties in an LLC and have $2 million of umbrella insurance for just the reason described by @Dale Stevens

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