Real Estate Money School

Most business owners are afraid of being sued, but in the real estate industry it’s unfortunately far more common. What can we do to safeguard ourselves from the inevitable? Is there anything we can do to protect our assets in advance? On this episode, founders of Leafy Legal Services, Brian Price and Jennifer Gligoric share how to protect our businesses from legal action.    Three Things We Learned Being sued is inevitable - get used to itWhen most people hear they could be sued, the initial reaction is panic - but it pays to remain calm and in control. Anyone working in real estate needs to know that being sued is part of the business. The best thing we can do is have a strong legal team on hand when it happens.   Establish an operating companySet up an operating company and think of it as your ‘face to the world’. Operating LLCs should be used to hire contractors, pay property managers and collect rent. They can also be used to get financing. However, this operating LLC should be our parent company - not t