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Updated almost 3 years ago on . Most recent reply
Form LLC for the rental property?
I'm moving to Tampa and considering keeping my 2 fam in NY as a rental property, and possibly purchasing another rental in the Tampa area. Would you form an LLC for each of the rentals and why?
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Quote from @John Dersoe:
I'm moving to Tampa and considering keeping my 2 fam in NY as a rental property, and possibly purchasing another rental in the Tampa area. Would you form an LLC for each of the rentals and why?
John
I would 100% file as an LLC. Outside of protection to me the biggest thing it does it helps you enter the mind of a legit business owner. You properties are businesses and should be ran as such and this includes having an LLC. The cost is minimal