Should I create an LLC for my properties?

[Darsh Patel]

Hi everyone, 

I own a few small multi-family properties (8 units total) and I have heard that it is good to transfer rental properties over to an LLC ownership. I wanted to ask what would be the benefit of doing this? Also, how would I go about creating an LLC/transferring the properties over and how much would it cost?

I'm trying to figure out whether the cost of the LLC is worth doing it now or if I should wait until my portfolio gets bigger. Any help is appreciated! Thanks