Do I Need an LLC for Lease Options?

[Michael Newman]

Am I protected from a lease re-lease option? I assume the tenant-buyer is responsible for the property. Can I get screwed in any way if I use my name on for rent lease option? Basically, should I set up an LLC for lease options to tag to my parent LLC or is this separate venture safe without it?

[Brian Mcmenamin]

@Michael Newman LLCs are great to limit your liability. If you are a sole owner of the LLC, people can still come after you. The real benefit to an LLC is for lending once you are over 10 properties. You can do lease options in your personal name. I cannot think of any circumstance where LLC's will help you gain any advantage in a lease option scenario.