Operating under a LLC??

[Hunter Thompson]

I just spoke with an attorney and he suggested to me to form a new LLC for each property I purchase. He said it would add a layer of protection if something were to happen on one property, then the other properties could not be affected because they are a completely different LLC. Then simply have my actual business a separate LLC and run it more as a property management for all my LLCs?

Do any of you have experience doing something like this, or know of any of the big players that do it this way?