By Nathan G. Osborn
Nathan G. Osborn is an equity shareholder with Montgomery Little & Soran, P.C. in Greenwood Village, Colorado.
Published in Probate & Property, Volume 37, No 5 © 2023 by the American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.
54
September/October 2023
Getty Images
Using LLCs to T Purchase and Own Rental Property
he number of people owning rental properties has been on the rise. With an increasing demand for rental properties, especially residential properties in urban areas, more people see the advantages of owning and managing rental properties. Similarly, with the soaring costs of homes in the United States, just about anyone with the means to do so is getting into the market of renting real estate to others. According to Redfin, in 2022, only 21 percent of homes for sale were “affordable,” meaning that the “monthly mortgage payment would be no more than 30 percent of the county’s median income.” In light of these economic trends, my clients are more inclined to invest in real estate and take on the role of landlord. Owning rental properties comes with risk, however, so many people turn to limited liability companies (LLCs) to protect
