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Updated over 11 years ago on .

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Texas
  • Member since Aug 7, 2012
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Texas
  • Member since Aug 7, 2012
Connect
Account Closed
  • Rental Property Investor
  • Texas
3
Votes |
26
Posts
General Real Estate Investing

Proptery Managers

Account Closed
  • Rental Property Investor
  • Texas
Posted

Say I've been managing my residential rental property for 2 years and my company moves me to a new location. I would like to hire a property manager to take over.

What are the liability implications of doing this? Does the Property Manager assume any type of liability? Should I transfer my property into an LLC/Trust before letting the Property Manager take over? Does this effect how I have to file my income from the property? (i.e. passive income)

Thanks for the knowlege,

James

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