Name: How to Transfer Real Estate into an LLC
Uploaded: 2022-01-05T13:31:47+00:00
Duration: 7 min 10 s
Description: If you are a landlord, you likely want to provide yourself with as much liability protection as possible. One way to provide those protections is to transfer your real estate into an LLC and out of yo

2 years ago

If you are a landlord, you likely want to provide yourself with as much liability protection as possible.

One way to provide those protections is to transfer your real estate into an LLC and out of your personal name.

The LLC will operate as a rental property business. It will have its own bank account, tax ID number, insurance policies, and the lease agreement will be between the tenant and the LLC.

In order to transfer the LLC out of your name, however, you must follow certain procedures. If the property still has an outstanding mortgage, then that adds one additional layer of complication.

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