Attorney Andrew Bethel discusses the best way to manage your real estate. The baseline rule for any real estate, including primary and investment properties, is to put them in a trust to avoid probate and maximize estate value. If the property is generating income, it may be best to hire a property management company and obtain liability insurance. For multiple properties generating income, an LLC structure may be more appropriate. If investing in out-of-state properties, it is recommended to put everything in one trust to avoid creating unnecessary complexity. Bottom line: put everything in a trust, including LLCs managing real estate empires.
00:00 - Intro 00:38 - Baseline Rule: Put it in Trust 01:20 - What About an LLC? 03:03 - What About Out-of-State Property? 04:23 - Everything Goes in Trust
*Disclaimer* Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.
