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Updated over 4 years ago on .

User Stats

19
Posts
3
Votes
Diego Briceno
  • Real Estate Investor
  • Washington DC
3
Votes |
19
Posts

General liability organization of multiple properties?

Diego Briceno
  • Real Estate Investor
  • Washington DC
Posted

Poll: How are many of you organizing your portfolios? (we currently have several single door properties in VA, 2 in PA and looking to start getting into larger 5-20 door apartment buildings in another state)

Do you use multiple LLC's for each property? One LLC per state to hold all in that state? Series LLC's? Something else?

An attorney mentioned to me that there is a lot of grey/uncertain/unknown areas around the newer Series LLC's.

Lastly, what's the legal way to encourage your tenants to have their own renters insurance?

Thanks!