Why should I do this first?
The primary reason is that it will cost you transfer taxes if you decide to hold title differently later. The second reason is that you want county records to show a business address associated with an LLC or LLP - not your home address. Once your home address is recorded, it's recorded forever and tenants can find you.
How should I hold title?
If you are a US Citizen, we recommend using an LLC. If you area Canadian, we recommend holding title as an LLP.
Can you set up an LLC or LLP for me?
Yes. Please see our rates and fees.
How much does it cost to maintain an LLC?
Nevada is about $375 / year if you do it yourself. We charge $100 on top of that if you want us to be your registered agent.
What else can I do to protect myself?
Put your LLCs in a trust. You create an additional barrier against lawsuits AND you provide a better method for transferring your wealth when you eventually check out.