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Chapter 2 Introduction

chapter 2 introductionBy Jason Watson, CPA
Posted Sunday, May 25, 2025

Chapter 2 expands on ownership strategies by exploring more nuanced, advanced structures that real estate investors and rental property owners might consider beyond the basic LLC or sole proprietorship. This chapter addresses issues like equity versus economic interests, structuring deals with outside investors, using trusts, and forming tiered or multi-entity structures such as holding companies owning property-specific LLCs.

The chapter also dives into common misconceptions—such as overreliance on charging orders or assuming Nevada/Wyoming/Delaware LLCs provide foolproof protection. It emphasizes aligning legal structure with practical function, cautioning against complex setups without clear purpose. The illusion of precision.

Jason Watson, CPA, is a partner and the CEO of WCG CPAs & Advisors, a boutique yet progressive tax, accounting and rental property consultation firm with over 80 team members headquartered in Colorado serving real estate investors worldwide.

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I Just Got A Rental, What Do I Do? 2025 Edition

Rental BookThis KB article is an excerpt from our 420+ page book (some picture pages, but no scatch and sniff) which was updated May 25, 2025, and is available in paperback from Amazon, as an eBook for Kindle and as a PDF from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or visit our webpage which provides more information.

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Talk to a Real Estate CPA About Your Rental Property

Please use the form below to tell us a little about yourself, and what you have going on with your investments and wealth-building objectives. WCG CPAs & Advisors are real estate CPAs, tax strategists and rental property consultants, and we look forward to talking to you!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

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