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Updated 6 months ago on . Most recent reply

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Company Structure for Multiple Housing Rent

Felipe Fernandes
Posted

Hi. I hope this message find you all well.

I am starting in the real estate world and I have my LLC and two renting homes. I am planning to expand and in a near future add more houses to my portfolio. Then I've been thinking if someone sues me due to issues in one house I can get hit in my other houses.

My question is does anyone know which would be the best solution to isolate the sue just to the house that my company is being sued? Should I create a LLC group?

Thanks in advance.

Most Popular Reply

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720
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Aristotle Kumpis
  • Real Estate Coach
  • Lake Forest, CA
332
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720
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Aristotle Kumpis
  • Real Estate Coach
  • Lake Forest, CA
Replied

The best thing to do is to put each property in it's own LLC. That way each asset is separate. This is what I do.

  • Aristotle Kumpis
  • Loading replies...