33. When Should You Put Your Properties in an LLC?

Let's face it, for those of us that live in the US we are living in one of the most litigious countries in the world. You've heard that you need to protect yourself and your properties, but what is the best way? Is it necessary to form an LLC in which to hold your property? There are multiple steps we can take to protect ourselves, but which ones are the right ones and when are they necessary?    Tune in this week as Tim answers those questions and more!  A story to illustrate when we need extra protection  Having the basics: house rules, deposit, insurance, general liability policy, umbrella policies Forming an LLC and what you may not know  Are you being sued?    To hear the episode on house rules tune in to episode 24 "Essential House Rules for your STR"   For more info on finding the best properties get our free guide and more at www.restmethods.com   If you want to learn more about Tim's journey, email us at [email protected] for a free copy of the Amazon Best Selling book Tim co-authored: "Resilience, Turning Your Setback Into a Comeback."   Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.