LLC & Airbnb rental property(ies)

[Luca Giani]

Hello everyone,

I am planning to buy the first Airbnb rental property soon. I am going to partner with another person and we are going to get it as individual and then transfer the title on an LLC after the close of escrow.

Is it kind of standard way of operating when dealing with this kind of investment?

Any tips or anything else I should know about it that would be useful to know?

Thanks!

[Wayne Clark]

You may want to check with your lender and see if they have a Due on Sale clause associated with their loans before you go through with that plan, just to CYA. Although it isn't super common for lenders to use that, it can happen.