Titled Under LLC Vs Under Personal Name

[Richard Thomson]

I attended a few real estate workshops. Almost all speakers emphasized the need for asset protection, and that the best way to do this is through ownership via an LLC. Following their advice I titled my 2 rental properties (2 flats) under LLC. Three years down the road I find that the expenses involved are substantial, like keeping the accounts, IRS filing, legal fees (can only be represented by attorney), blah blah blah, all adding to become a good chunk and chipping away at my rental income.

Were I to have them under personal name, many expenses would become substantially less.

My dumb question: Which way makes more economical sense: LLC or personal?

Would greatly appreciate help from my seniors in RE investing so I can understand better.

Regards,

Richard