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Updated almost 3 years ago on . Most recent reply

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Michael K.
  • Property Manager
  • New York, NY
4
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27
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Holding rental property in personal name

Michael K.
  • Property Manager
  • New York, NY
Posted

Is it ok/advisable to own a rental property in personal name? I have other rental properties but they are in LLCs. But the only asset listed in my personal name would be one single family house. Would that then be ok as long as my insurance and umbrella policy reflect that a tenant is living in that single family house? Thoughts? Thank you 

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Bjorn Ahlblad
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

I have properties in my name and others in LLCs. I have the proper insurance in place and no longer even think about it.

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