You can’t have the asset protection that comes from an LLC, and then not act like an LLC. On today’s episode, we talk with Bonnie Galam, investor and real estate attorney, on how to proactively protect you real estate assets and self-manage a large portfolio.
LLCs don’t stop lawsuits from happening. They are there to protect you in the event one arises. But what can you be doing to prevent those types of losses to begin with? We discuss with Bonnie how you can operate your business to better protect your assets, the importance of having an annual asset, when you should and shouldn’t self-manage, and lessons learned during the pandemic when it comes to landlording. Bonnie also shares a great process for finding out what your core genius is within your business.
Bonnie Galam is a real estate investor, real estate attorney, and founder of Landlord Law School. Bonnie and her husband built a multimillion-dollar rental portfolio by their late 20s in the greater Philadelphia area.
Bonnie founded her law firm, a boutique real estate practice serving in NJ and PA, with a mission to serve investors. Through her law firm, Bonnie noticed that real estate investors were coming to her to solve problems rather than prevent them. She knew from her own experience that it was because the existing law firm model didn't serve investors. They simply weren't going to call their lawyer every time they worked with a contractor or communicated with a tenant. So Bonnie created landlord law school, the only DIY asset protection course for real estate investors to help prevent law suits, preserve generational wealth, and securely scale their investing business. Personally, Bonnie is a mom of 2 tiny tots - Elliot age 3 and Soleil age 1. She almost always has her nose in a book, is a certified yoga instructor and would always prefer to be at the beach.
On today’s episode, we discuss a ton with Bonnie including:
Eviction alternatives Policies and best practice you can put in place to protect your assets How to avoid landlord horror stories The importance of having the right insurance in place The importance of treating an LLC like an LLCBooks/Resources
This is Marketing by Seth Godin
Landlord Law School – Free 7-day access to module 1!
https://bonniegalam.mykajabi.com/a/39387/azzzfVaz
Contact Information
Email - bonnie@bonniegalam.com
Instagram - @bonniegalamesq
We are so excited to share that we are hosting a free 3-day live event called the Top Producer Challenge! This is specifically for real estate agents who are looking to take their biz to the next level! Our speakers are top producing real estate agents and some of the best in the business. You will learn how to find hidden inventory and win bidding wars! You will also learn how to build a profitable biz without buying leads and how to stand out with sellers to win listings in a crowded market. We have invited the best in the biz to share their success strategies with you! So come join us for this FREE EVENT on April 27th, 28th and 29th at 7 pm EST….
REGISTER HERE - https://www.therealestateinvesther.com/top-producer
InvestHER Community
Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms.
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1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves.
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