Transferring property to LLC

[Pichael Miper Holmes]

Hello, Bigger Pockets!!

It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented ASAP. We also used a service to establish an LLC to own the property and I would love anyone's advice who has already accomplished the task of transferring ownership in preparation for proper tax filings next year. I would like to avoid any pitfalls, speed bumps, and hurdles that I can, or at least prepare myself properly for them in order to navigate them successfully if they cannot be avoided.

Thank you all for your experience, we are looking forward to hearing from you!

Michael and Piper Holmes (Newbies!!)