EP 169: How This Attorney Prevents Landlord Horror Stories with Bonnie Galam
Apr 23, 2021You 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 LLC
Books/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 - [email protected]
Instagram - @bonniegalamesq
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