silly question for a somewhat seasoned landlord/investor

[Chris Masons]

Hi guys,

I am a bit embarrassed for asking such a simple question and feel like I should know the answer already but I guess if I don't ask I will never know....

I need to do some serious asset/liability protection. Currently i hold my properties in my personal name (I know not smart) Anyway, I am just figuring out how much equity each LLC should contain before creating the next. This isn't my question though, my question is what is the best way to move the properties from my name to the newly formed LLC. I have read doing a quit Claim deed from my name to the LLC is how it is done, but honestly I am unsure of how I would do this? How do I quit Claim out of my name? Do I need an attorney?

OR is there another way besides quit claiming to get property into the LLC?

Also I am aware of the due on sales clause but from what it seems this isn't much of an issue long as you continue to pay your note.

thx in advance,
Chris

[David C.]

If you manage the properties yourself, there's less value to the LLC anyway, right? you are liable for your decisions as manager?

Maybe a nice big umbrella policy is the answer if you would have tax issues with the transfer to LLC?

total noob here - no experience, just lots of reading.