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Updated about 4 years ago on .
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Nashville Area STR Legal Advice
Hello Everyone,
I live in Florida and am planning to setup a short-term rental just outside of Nashville in Thompson's Station. Do you know of any lawyer's in the area that have helped setup LLC's or the legal structure for short-term rental owners to provide liability and personal asset protection? I understand that the property will need to be owned by the LLC. Legal contacts would be very helpful!
Jeff Harvey
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Why do you think you need an LLC?
Will this house have a mortgage?
If so that is one layer of protection.
Insurance another layer.
You could get an umbrella policy for a 3rd layer.
Also banks won't usually finance a property in an LLC.