Simple Property Management Structure in CA
Hi,
I'm trying to help out my family by taking over property management duties on 1-3 residential properties in Bay Area/ SJ. I was hoping to get some idea on the easiest way to structure this with the following goals. I understand that I need to get a lawyer but I'd like to get a forum response so that I have an idea of what to ask the lawyers when I interview them.
Goals:
- I want to perform tenant screening, rent collection, maintenance work, paying contractors and doing minor work myself
- I will not be buying/selling properties. Only managing
- Min 1 property this year. Max 4 properties next year
- Property owners want to protect their assets from lawsuits
- I would like to create personal tax efficiency from my services. I will have other sources of income. This is only part time for me.
Thanks!
Max