How many llcs do I need?

[Allen Lopez]

So I have two properties one in Louisiana, and another in Florida. Both of which have are rented. Both are fully paid off. I would like to put them both in llc(s). Their value is around $200k together. Do I put them both under the same LLC, or two separate ones? Since they are in separate states.

My long term plan is to eventually, put get equity out of them to but more properties. Any advice?

Thank you all in advance

[Nicole Heasley Beitenman]

If my understanding of LLC's is accurate, if you get sued by the tenant at one property and they're in the same LLC, you could lose them both. But my knowledge is coming from a handful of episodes of the BP podcast. Ask a pro.