Rental Property Investor · UT · Member since 2019 · 13 posts · 7 votes
Hey BP, I live in Utah and just purchased a home in Florida but I need recommendations on a RE attorney to help transfer the deed to my LLC. Or if there is an easier, better way then I'm all ears. Thanks!
Attorney · Birmingham, AL · Member since 2022 · 220 posts · 83 votes
4y
If you dont want to set up an LLC to hold title to your property, I would stil lrecommend an LLC for your operations. This would be a shell LLC only used to interact with third partties such as tenants. It will provide some protection in that if the tenant sues, they will sue who they have a contract with initially (your operating company). If so, I would recommend a business checking account but keep the balance low (distribute execess proceeds to yourself). Any nationally chartered bank should be able to assist. Your financial accounts don't have to be at the same bank. Feel free to connect with me! I would love to help more.