Arizona Investment Property Protection

When buying Arizona investment properties, protect yourself by filing the property title under an LLC. If an injury or death occurs, the victims and families can then only sue the insurance company. If the judgment exceeds the insurance, at most, they can only take the assets of the LLC, not your personal assets.

You can file LLC paperwork yourself, have your accountant do it, or hire a lawyer.

Make sure you sign the deed conveying the property to the LLC.

Don’t do work on the property yourself. Always hire a qualified professional for potentially harmful situations. If you do work yourself and it results in injury to your tenant, they can sue you personally because you did the work, and you therefore, can be held personally liable.

Your LLC won’t protect you then.

The Arizona investment market is hot and lucrative right now.

For professional guidance to successful Arizona real estate investments, contact Tracey Lee at Arizona Real Estate Investments