Legal Question in Real Estate Law in New Jersey

Re: several rental properties under an LLC???

There is always added protection against liability in keeping assets separate. The question is whether the reduction in risk is worth the additional cost and effort. A lot has to do with your financing and whether you can obtain it without personal guarantees using only the collateral from each property separately. Your lender will have a contribution to this and will no doubt want to have as much security as it can get. Collaborate with your lawyer and accountant to see what approach is best for you.

My firm handles matters of this type, however it may be easier for you to work with a lawyer whose office is closer to you. (You did not give your Zip code. My firm is in Marlton.) If I can be of further help to you, call or email.

See also: http://info.corbettlaw.net/lawguru.htm

Re: several rental properties under an LLC???

I agree with John Corbett. There is an advantage to keeping each business entity separate for several reasons. This is why most large land developers form a separate LLC or corporation for each project. You should also discuss the tax effects with your accountant/

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