Confused with LLC setup

[Tony H.]

Hi BP,

I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.

We currently own 1 rental in a Trust and in the process of getting another.

I wanted to put the newly acquired property in its own LLC. But keep getting push back from Lender, and insurance (mainly lender). I can understand their concern, but I know people have done this. I just dont know how people do it.

Can someone shed some light?

Also, I am leaning towards having separate LLCs for each one for better liability protection. I dont mind the extra bookkeeping. However, I want to avoid issues acquiring more properties under LLC in the future.

An idea to avoid this, is to setup an LLC property management company that manages these properties held in Trust. How much of liability protection is this setup give me?

And if anyone know a local sacramento real estate attorney, please let me know. THanks,

[Chris Seveney]

@Tony Herlambang

Getting a LLc for every single family is like wearing a helmet and a Covid mask when sitting in the drivers seat with your seatbelt on in an empty parking lot alone with your car in park.