Should I manage my properties through a second LLC?

[Richard P.]

When buying property, would having a second LLC (which I own) do the management (instead of me personally) give any additional liability protection? I've been told that LLCs may not be helpful if sued over a management issue.

[Carl Fischer]

@Richard P.

I think it can be helpful over a maintenance or management issue. The managing LLC is liable for management and almost always gets sued but usually has no assets. it depends on your asset protection plan and risks your try to sidestep. Single member and multi member have different consequences as well.