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Updated almost 11 years ago on . Most recent reply

John Nisewonger's profile image
John Nisewonger's profile image
John Nisewonger
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  • from Chesterfield, VA
  • Member since Mar 21, 2014
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John Nisewonger's profile image
John Nisewonger's profile image
John Nisewonger
  • Investor
  • from Chesterfield, VA
  • Member since Mar 21, 2014
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John Nisewonger
  • Investor
  • Chesterfield, VA
11
Votes |
93
Posts
General Landlording & Rental Properties

Should I create an LLC

John Nisewonger
  • Investor
  • Chesterfield, VA
Posted

I have one rental property. I am looking to purchase another within the next year.

Right now my property is under my name. I have noticed some people put their rentals under an llc. Should I be doing this? I have insurance on the property.

If I should be putting them under an llc, can all my properties go under the same llc or should I create an llc for each property. I am dealing with single family residences and maybe a duplex or quad at most in future.

Just looking for the pros and cons of llc. Thanks!!!!!

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Ali Boone
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  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone's profile image
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Ali Boone
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  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

The comments are actually more helpful than the article...

http://www.biggerpockets.com/renewsblog/2013/08/17/rental-properties-llc/

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