Sometimes I am questioned as to why I do not want to own property in my personal name. Am I trying to do something illegal, immoral, or fattening?
NO! I am just trying to protect my family’s assets from deadbeats and their contingency fee lawyers!
Furthermore, I am trying to protect my family from crazy tenants. Can you imagine a tenant you are evicting getting mad enough to come to your home and confront you (or worse yet, your children who answered the door)? It happens, and sometimes worse.
Case in point; In Hartford, Connecticut a tenant cut off the head of his landlord who was trying to evict him.
Don’t be an “owner.” Be a property manager . . . you may live longer. It is YOUR responsibility to protect your family and its assets.
Get busy, and use a trust. You will be glad you did!!