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Updated over 8 years ago on . Most recent reply

Nick Dillaha's profile image
Nick Dillaha's profile image
Nick Dillaha
  • Real Estate Investor
  • from Fort Myers, Florida
  • Member since Oct 4, 2014
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50
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Nick Dillaha's profile image
Nick Dillaha's profile image
Nick Dillaha
  • Real Estate Investor
  • from Fort Myers, Florida
  • Member since Oct 4, 2014
Connect
Nick Dillaha
  • Real Estate Investor
  • Fort Myers, FL
4
Votes |
50
Posts
General Landlording & Rental Properties

Transferring rental to LLC... When?!

Nick Dillaha
  • Real Estate Investor
  • Fort Myers, FL
Posted

Hey guys, newbie here. Just purchased a owner occupied residence (second property - woot!) and have a renter set up for the 1st of January on my first property. I have an LLC set up but haven't transferred the rental property to it yet. Is there any reason to wait until 2017? Any tax benefits to keeping it in my name until January 1st?!

Also, any advice on opening a bank account strictly for the LLC? Easier/beneficial for taxes?

Thank you! 

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