#199 - How the Wrong Legal Structure Can Cost You Your Business - Bonnie Galam

When it comes to running a business, navigating legalities effectively can mean the difference between success and failure. It’s no different in real estate investing. Not having the proper structure can be a costly mistake.

To shed some light on the subject, Bonnie Galam, founding attorney of The Galam Firm, joins us in this episode of Living Off Rentals. She is an expert in assisting new and veteran real estate investors with legal services, setup of operational infrastructures, and more. 

Tune in and learn how to better protect and improve your short-term rental property business!

Key Takeaways

[00:00] Intro

[02:55] Introducing Bonnie Galam

[07:27] What to consider when dealing with contractors  

[09:31] Recommended structure for real estate investors

[16:45] Investors and meeting with legal specialists 

[19:46] How to increase rental cash flow by leveraging legal tools

[24:08] Budgeting for legal matters and Bonnie’s Landlord Law School program

[27:52] Investing as a real estate lawyer

[31:02] Real estate investing with her husband 

[32:39] Bonnie’s thoughts on the current market

[36:02] Bonnie’s podcast, Good Bones Real Estate Investing

[37:41] Biggest mistakes that investors make

Guest Links

Website – bonniegalam.com

Show Links

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals