First Rental Property

[Christina Wrightsman]

Hello, I am in the process of closing on my first rental property. I've read/been given differing opinions on whether I should transfer title into an LLC right away, thereby making the lease between the tenant and the LLC. My goal is to mitigate risk and personal liability. Some seem to feel insurance and other risk mitigation factors will be just fine with one property. Other say set up the LLC right away, even if it is just one property. Is one option or the other the best approach?