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Updated over 9 years ago,
Renting 2 rooms in my home
Hi BP,
I recently purchased my first home and moved out of my parents house. I'm renting out two of the bedrooms and wanted to see if you all could help me determine if its beneficial to put the leases and check payments coming in under an LLC.
The LLC is already created and functioning- essentially my idea is that it would work like an operating company for the two rooms I'm renting out and I could put some of my expenses through there with pre-tax dollars. Does that make sense? Can the LLC pay my mortgage? I'm unsure of what the structure should look like given that I'm living in one of the rooms myself.
All comments are welcomed.