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Updated over 2 years ago,
Renting our home for the first time
Hello Guys, we are getting ready to rent our first house but would like to do it in the best way possible. I know we should rent using an LLC. We are moving to a new home, and we don't know the best move to perform our first rent. My question is, do I have to transfer the property to an LLC? Would this LLC have to pay us (we own the house 100%) interests? Because we are selling that property to the LLC, right? Any other strategy that I should be aware of? Advice or comments? It will be much appreciated! Thanks!