Why Your Name Should Not Be Attached to Your Rental Property

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The wealthy do not own real estate in their personal name for a very specific reason.

In this segment from one of my Uplevel Community AMA sessions, I break down the reason why wealthy people do not own any of their rental properties in their own name. I also discuss a few fundamental concepts in real estate investing that are important to know before you start.

UCAMA240215_LF02

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  1. Edward Collins
  2. business strategy
  3. wealth strategies
  4. wealth creation
  5. uplevel entrepreneur
  6. millionaire
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Комментарии
Автор

I learned that lesson the hard way. Tenants started contacting me directly with every little issue. It's way better to have a property manager or a business name on the lease instead.

Colbe-lxfb
Автор

I loved the tip on using a specific naming convention for LLCs based on the property location and number. It's a simple yet effective way to keep things organized.

grabthemappodcast
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Yeah, I like everything I'm hearing. Great info.

KRAW
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Hi Edward, would you be able to cover NACA program and how it works, please? Thank you.

michaellortkipanidze