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Updated over 5 years ago on . Most recent reply

Vic Estrella's profile image
Vic Estrella's profile image
Vic Estrella
  • Property Manager
  • Member since Apr 22, 2019
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Vic Estrella's profile image
Vic Estrella's profile image
Vic Estrella
  • Property Manager
  • Member since Apr 22, 2019
Connect
Vic Estrella
  • Property Manager
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Real Estate Deal Analysis & Advice

Added to title,triplex, do I start an LLC?

Vic Estrella
  • Property Manager
Posted

In short, I will be added to the title of one of our family’s triplex to help oversee the rent and collect the income.

I will be reporting the income of rent on my taxes next year.

Should I start an LLC?

Besides being added to the title with my family member is there anything else I should do to protect myself?

Thank you in advance for your advice and consideration.

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