U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 12-03-2012, 10:12 AM
1 posts, read 798 times
Reputation: 10


So my husband and I own a few rental properties. I have created a separate LLC for income to flow through but am now stuck on deciding if it is worth it to place the properties into the LLC. I am aware of the due on sale clause and do not know if it is worth messing with? Does it make sense to have an LLC for each rental property, so that the rent can go directly to their own accounts but to not actually have the properties held within the LLC itself? We also have umbrella insurance so I know that helps cover us. I am just torn on if and when a property should be placed within an LLC. Any advice is welcomed! Any other ideas for rental protection?
Reply With Quote Quick reply to this message

Old 12-04-2012, 10:42 AM
Status: "Celebrating 30 years as a Broker" (set 17 days ago)
Location: Just south of Denver since 1989
10,882 posts, read 29,304,638 times
Reputation: 7085
a quick consult with a real estate and/or tax attorney should be your next step.
Reply With Quote Quick reply to this message
Old 12-04-2012, 01:16 PM
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,375 posts, read 39,695,573 times
Reputation: 23399
I hold my commercial properties in LLC and residential in my trust, all are 'flow through entities' in my case (You can specify either in LLC).

As mentioned, you need to talk to an attorney and CPA AND insurance guy to get the full explanation for your circumstances.

Consider a Business liability umbrella as well. You will end up with additional fees for 'additional insured', but NEVER want to be short on coverage.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2016 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 01:40 AM.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top