Forming LLCs to Hold Rental Properties – a how-to guide (2024 Edition)

Nathan Osborn
Nathan Osborn | Montgomery Little & Soran, PC.

His practice is focused on real estate litigation and real estate transactions.

On-Demand: September 16, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

The number of people owning rental properties has been on the rise. With increasing demand for rental properties, especially residential properties in urban areas, more people are seeing 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.

This course provides an overview of the law on real estate limited liability companies and how to use this corporate structure as a vehicle to efficiently own and operate rental properties. Among other things, this live program will provide attorneys practical advice regarding common legal matters encountered in forming real estate limited liability companies, drafting operating agreements for rental properties, and holding and operating rental properties. Nathan Osborn, an experienced real estate attorney, will walk you these matters with a specific emphasis on:

Key topics to be discussed:

  • Understanding the Business: The top questions
  • LLCs v. Other Types of Entities
  • Advantages of LLCs in Real Estate
  • Should You Put a Rental Property into an LLC?
  • Structuring Capital Calls the Right Way
  • Crafting Distribution Provisions to Share Real Estate Profits
  • Drafting Other Essential Provisions for Real Estate LLCs
  • Using a Series LLC
  • Maximizing Tax Benefits
  • Best Practices for Ongoing Asset Protection and Operations
  • 1031 Exchanges

Closed-captioning available

Speakers

Nathan-Osborn_Montgomery-Little-&-Soran,-PC_myLawCLENathan Osborn | Montgomery Little & Soran, PC.

Nate Osborn is an equity shareholder with Montgomery Little & Soran, PC, in Greenwood Village, Colorado. His practice is focused on real estate litigation and real estate transactions. In addition to his work for clients, Mr. Osborn can be hired as an expert witness or as a mediator in cases involving real estate issues. Mr. Osborn is a trial attorney and has tried 53 cases in his career. He received the highest “AV Preeminent” rating from Martindale Hubbell in 2014 and has maintained this rating since then. Mr. Osborn is licensed to practice in Colorado and Nebraska.

Agenda

I. Understanding the Business: The top questions | 2:00pm – 2:10pm

II. LLCs v. Other Types of Entities | 2:10pm – 2:20pm

III. Advantages of LLCs in Real Estate | 2:20pm – 2:30pm

IV. Should You Put a Rental Property into an LLC? | 2:30pm – 2:45pm

V. Structuring Capital Calls the Right Way | 2:45pm – 3:00pm

Break | 3:00pm – 3:10pm

VI. Crafting Distribution Provisions to Share Real Estate Profits | 3:10pm – 3:20pm

VII. Drafting Other Essential Provisions for Real Estate LLCs | 3:20pm – 3:30pm

VIII. Using a Series LLC | 3:30pm – 3:40pm

IX. Maximizing Tax Benefits | 3:40pm – 3:50pm

X. Best Practices for Ongoing Asset Protection and Operations | 3:50pm – 4:00pm

XI. 1031 Exchanges | 4:00pm – 4:10pm

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Arkansas's recognition of multi-jurisdictional reciprocity.
Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Approved for CLE Credits
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Approved for CLE Credits
2 General

Florida

Approved for CLE Credits
2.5 General

Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2 General

Iowa

Approved for Self-Study Credits
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for Self-Study Credits
2 General

Indiana

Approved for Self-Study Credits
2 General

Kansas

Approved for Self-Study Credits
2 General

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Approved for Self-Study Credits
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

myLawCLE reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
120 General minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Pending CLE Approval
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “A”.
Ohio

Pending CLE Approval
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Approved for Self-Study Credits
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Approved for CLE Credits
2 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for Self-Study Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Approved for Self-Study Credits
2 General

Virginia

Not Eligible
2 General Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved for Self-Study Credits
2 Law and Legal

Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Approved for Self-Study Credits
2.4 General

Wyoming

Approved for Self-Study Credits
2 General

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