LLC Structure for Multiple Rentals- State of Ohio

[Brad Clarizio]

Hi folks,

Now that I am acquiring enough rentals to have true value, I am getting worried more and more about the risk. That said, it's time to convert to LLC's (probably a little late, but better late than never).

Currently, I own 6 rentals in the State of Ohio (Columbus area specifically). 2 are on a mortgage, while 4 are owned free and clear. My question is, for those that own multiples, do you have a separate LLC for each house, and then role it up through one large LLC? Or, do you have them all under one LLC? My concern with the latter is, if I have 600k worth of real estate in one LLC, then that's 600k that can be attacked. Where if I have each LLC in it's own, and then umbrella'd under one overall LLC, that may be safer.

Any one have advice or experience with this? Also, I may have this done through an attorney to make it all simpler, so any recommendations?

Thanks,

Brad

[Ryan Arth]

@Brad Clarizio I use a single LLC. I do not worry much about being "attacked" because I do not do anything that could be considered negligent, let alone grossly negligent.

Risk can be properly mitigated with proper insurance coverage.