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Updated over 5 years ago on . Most recent reply

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Matt Haman
  • Red Bluff, CA
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How to protect an apartment complex

Matt Haman
  • Red Bluff, CA
Posted

I've been looking at investing in a small apartment complex, probably anywhere from 15-30 units. Anyone with experience in apartment complexes, how do you protect your investment? One separate LLC for the complex?

I have also been looking out of state to accomplish this since California is more expensive. I would plan on having a property manager company handle most of the day to day. Any out of state investors who have done this that can provide pros/cons?

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

Your attorney will most likely have you set up an LLC operating company that is the Member off the LLC that will hold title to the property.

If your going out of state you may as well go bigger if you can.

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