use of LLCs for holding rental properties

[Mike M.]

I read a business plan for multi-family properties and I had a question on use of LLCs. It recommends you have one LLC for the PM and then a separate LLC for each property.

If so, I'm wondering to you handle that practically. Sounds like a lot of cost associated with such an arrangement.

I have 5 properties (4 duplexes and a single). I own everything individually now. I have an LLC but it doesn't own the RE. I was thinking about biting the bullet and paying the transfer tax but I'm trying to think through the structure as well as the cost/benefit analysis.