Asset Protection for Real Estate Investors | How to Handle & Prevent Lawsuits | The Kwak Brothers

Asset Protection for Real Estate Investors | How to Handle & Prevent Lawsuits

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Asset Protection for Real Estate Investors | How to Handle & Prevent Lawsuits

Asset protection for real estate investors is a huge area of real estate investing that gets overlooked commonly. But that is a quick way to loose your real estate property! In this video we speak with Brandon Ayers, Attorney, about what to do if you get sued or enter into a lawsuit, what legal entity you want to have if you acquire rental property for the best asset protection, and advice on how to handle tenants in a lawsuit (or getting sued by your tenants) One of the first questions that many real estate investors ask their lawyer (asset protection), is can I get sued…..for anything? And the easy answer is, yes and probably. So that rolls us into the big question, what can real estate investors do to protect their property and assets. Asset protection for real estate investors is based on what legal entity (LLC or S-Corp) you choose for your real estate investment. And this is not a one-size-fit-all real estate asset protection, so you’ll need to find out first what kind of real estate investment you are looking to buy (commercial real estate, commercial property, single family home)……. So what kind of legal entity is best for real estate investing and how to structure it for asset protection? Obviously, utilizing a good real estate attorney to help you set up an llc for rental property and then maintaining that LLC for rental property and make sure you maintain documents and submit the appropriate legal docs on-time! So moving on-to injury part of the asset protection for your rental property……what happens if someone injures themselves at your property….will you loose your real estate investment? Don’t ignore the lawsuit if you care about asset protection…..that is the worst thing you can do according to a real estate attorney. So what should real estate investors expect if they get sued? First thing…..call your real estate attorney. They will erase the emotion out of the lawsuit and bring you the facts when it comes to real estate law. When it comes to real estate law, hire a real estate attorney!

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