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Updated almost 4 years ago,
Real Estate Trust or LLC?
Hello,
I currently own 4 properties of which 3 of them are rented in some capacity (one is rented as an AirBnB / VRBO rental with all furnishings and the other 2 are long term, unfurnished rentals) and I'm trying to figure out what is the best method for tax benefits, personal liability, etc - hold all properties in a real estate trust, or an LLC?
I have contacted my insurance agency and they are aware of use for each property as a rental, and as such, I do have an umbrella policy that covers me for an additional 1.5 million dollars of all of the properties.
Are there any suggestions or recommendations as to which might be best, and why?
Thanks in advance!