Is there benefits in creating llc to rent my property & rent out?

[Nick Gu]

So the way I'm thinking is to create a say a property management company, which rents my property from me.

Say at a rate of $property tax + $hoa

Then rent it out from the llc at market price.

So effectively I still own the property, but llc is in charge of rental/contract/maintenance etc

The llc would have little assets in case it gets a lawsuit