A number of our clients in Orange County and throughout Southern California own any real estate in addition to their home. When we first met them, they were losing sleep worried about your rental property (or properties) being more of a liability than an asset. Yes, rental properties can be great investments. Even a vacation home that is rented out occasionally can provide a nice amount of supplemental income.However, rental properties can also be huge liabilities. Especially when it comes to lawsuits and creditors.So what did we tell them about how they could protect themselves and their personal assets?
Just watch this brief video, as Kevin Snyder shares some tips and things to consider to help rental property owners minimize their risk.