Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
LLC for each property?
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase another soon. The idea of multiple LLCs seems cumbersome and confusing. I'll have a hard enough time keeping the paperwork straight operating one LLC. I understand his reasoning, but I thought I'd get the experts' opinions here. I do have healthy liability insurance ($1,000,000).