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Updated almost 9 years ago on . Most recent reply

User Stats

15
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6
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Martin Woll
  • Jersey City, NJ
6
Votes |
15
Posts

New Landlord. Could use some help...

Martin Woll
  • Jersey City, NJ
Posted

Dear BP Community,

Hope everyone is having a great summer.

I am looking to rent my 1BR condo in Hoboken, New Jersey during the fourth quarter of 2016. I had a few questions for the community:

1) Do people recommend me putting the property in a LLC to limit my personal liability? Or should I take out an insurance policy to cover me on that? I also need to figure out how the LLC would affect my personal tax returns.

2) Does anyone have any good recommendations for a real estate attorney in or around Hoboken that could review my leases for me?

3) Does anyone know a good CPA/Accountant in or around the Hoboken area that could help me?

Thanks BP!

Martin

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