Just like the Virginia investor mentioned in this CNN article, many property investors share the same question on whether to incorporate. Although there are benefits to incorporating, as well as benefits in setting up a limited liability company (LLC) to hold your properties, such a decision is dependent upon various personal factors.
Regardless, the first thing any investor should be concerned about is getting their property insured. A homeowners insurance policy provides substantial asset protection, which is why we strongly advise this protection to all of our owners with investment properties. When seeking out an agent to manage your investment assets, the agent's significant knowledge of state rental laws and the local market should also be a top priority as such knowledge can help to avoid many potential issues!
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