Separate LLC for each rental, if refinancing thru comm bank?

[Jon S.]

I have a couple concerns about single vs multiple LLCs: 

Is it normally better to put each rental in a separate LLC? This would cause extra bank accounts, filing costs and accounting fees each year; is it worth doing this? I have an SFR with 2 an in-law suite, and a triplex, both needing refinancing and both going through commercial lending, so they have to be in an LLCs.

Are there any advantages or disadvantages to refinancing each property in separate LLCs (before refinancing) or does it make no difference? I will be personally guaranteeing these loans regardless.  

I'm getting refinanced on a SFR rental that is in my personal name, which has to be transferred to an LLC as part of the commercial lending requirements. I have a triplex that is already in an LLC, so the bank just assumed I want to quit claim deed the SFR over to the same LLC in closing. That is fine with me, it saves me money and time. However, will I have a harder time refinancing the triplex in a couple months because the LLC will already have another property, the SFR, with a loan on it?

The loans are all personally guaranteed, and its all based on my credit score and the revenue of the property, so does it make any difference? 

Thanks

[Alan G.]

Jon,

I look at the value of the assets rather than the number of properties in each LLC. My comfort zone is approx 600k in each. Now, this could be 1 commercial building in its own LLC or 10 SFR each worth 60k in each.

And yes , you will need a separate bank account for each LLC, not each individual property.

Alan