Transferring a rented property to an LLC
Hello everyone, I wonder if I could seek your advice. I have a single family home in Houston which is rented for 4 years until 2019. Under my name, no liens. Per everyone's advice I set up a single member LLC under my name.
A question is what kind of reactions from the tenant when I inform my intention to transfer their home to an LLC? Of course I will explain that the security deposits and all obligations under the existing lease contract will be transferred to the LLC. Legally it should be OK, but I would like to know your experience if you have done this with your tenant, please.