CPA/Tax - LLC Question

[Account Closed]

The new CPA we sat down with told us NOT to do an LLC for our rentals. My wife and I have 4 STR's that we gross over $100K/year from. We are also both 1099 workers and together made approx. $325K last year in our primary job.

This is our first year actually making what we consider a "good" income. Enough to where we're worried about our future tax planning and also about the liabilities, etc, when it comes to our rentals. We plan on adding to our rental portfolio and growing a lot over the next couple of decades so we don't want to mess up somewhere like this when it could easily be avoided by just having a simple LLC.

When we purchased our first 2 duplexes we never had them put into an LLC. We asked our CPA if we should do this going forward starting in 2021 and he told us NO and there wasn't much of reason to do so as long as you have the liability coverage and it will just add more work on the back end when filing taxes.

I'm just curious what other investors thoughts are on what he said?

Me and my wife have an LLC we can move the properties in to but now we're questioning if it's even worth it or not. Almost everything I've come across when reading or listening has said to create LLC's for your real estate in order to protect you move incase of a lawsuit. I haven't come across many people saying not to have an LLC.