Legal Advertisement - For California Residents or
Property Only (Coming soon to other states.)
In most cases you have your answer the day
You receive a live consultation with an attorney. This is
not a paralegal or self-help service.
Hotline Services for
Entities Owning Rental or Investment Properties
In this area we will discuss the issues of proprietors holding title to
real estate that they rent out to third parties or have
purchased as an investment.
The managers of an entity often feel their title issues are simple
and they can take simply take title in the entity's name. This
is generally correct, but it assumes that the entity is the
proper kind to hold real estate. For example, a "C
corporation" usually is not a good form to hold title for
income tax reasons. The most significant issues for entities
property are lawsuits by tenants and visitors. However, the
entity must be properly formed, funded and maintained to limit liability.
Entities often have multiple owners. With today's constantly changing trends,
should also consider many other issues such as: possible
claims by an owner's former spouse; management in the case of
officer/manager disability; transfer of interests
on death, particularly buyout terms; asset protection; pre-structuring for
1031 tax-deferred exchange; rolling over property tax bases, and many other issues.
A Hotline consultation will address these and other pertinent topics.