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Updated about 7 years ago,
Should I start a LLC for my rentals?
So i currently have 3 rental properties in my name only. I am ion the process of acquiring 3 more.I also plan on expanding as often as the opportunities come about. I am considering starting an LLC for the rental properties I have. My question is should I do a LLC for each one, would i need a separate bank account for each LLC/property, or should I have multiple LLCs own 2 or 3 properties each. I have also considered starting a LLC in the near future that would act as the property management company. Looking for thoughts and ideas that have worked for others in the past.
Thank You