Is there any benefit to using an LLC to collect rent.

[Michael Sheridan]

Hi All, My wife and I have are renting rooms in our home to get starting investing. My question is is there any benefit to having an LLC collect rent money. Bear in mind title is wife and I name and we have the proper insurance policy to protect us from suit. And I know unless property is in LLC name it does no good to us in event of suit. I’ve been told getting cash flow through the LLC will make it much easier to buy next property in LLC’s name. Thanks for any advice in advance!