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Updated about 9 years ago on . Most recent reply

Trent Mettenbrink's profile image
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Trent Mettenbrink
  • Agriculture
  • from Grand Island, Nebraska
  • Member since Nov 20, 2013
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Trent Mettenbrink
  • Agriculture
  • from Grand Island, Nebraska
  • Member since Nov 20, 2013
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Trent Mettenbrink
  • Agriculture
  • Grand Island, NE
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General Landlording & Rental Properties

My accountant says I need a separate LLC for every rental property...

Trent Mettenbrink
  • Agriculture
  • Grand Island, NE
Posted

We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protect the other properties in case of a lawsuit. Has anyone had experience with this or is there a better way?

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Franklin Romine
  • from Visalia-Fresno, California
  • Member since Aug 13, 2009
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Franklin Romine
  • from Visalia-Fresno, California
  • Member since Aug 13, 2009
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  • Visalia-Fresno, CA
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  • Visalia-Fresno, CA
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If I was an accountant I would want you to also have dozens of entity... Frank
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