LLC Creation Advice

[Andrew Burrell]

Hey BP community,

I am an investor with two single family properties in Northwest Arkansas. I currently have these homes in my personal name, but have been debating whether or not to create an LLC for these rentals.

I am in no rush to do this, and I have heard the argument both ways on leaving them in my personal name vs forming an entity, so I am looking for any advice the community may have. I do look to grow beyond two properties, but not necessarily at a rapid pace.

Finally, if I were to do this, what are the proper steps in forming an LLC and then transferring them into that entity? I've seen different things out there regarding best practices.

I would appreciate any advice on this.
Thank you!