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Updated over 2 years ago,

User Stats

5
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4
Votes
Kris Mehta
Pro Member
4
Votes |
5
Posts

Transferring home into LLC vs not?

Kris Mehta
Pro Member
Posted
Hi everyone! I am thinking of putting my house on Airbnb in Austin. I have a STR license from the city. I'm a little worried about getting sued if a guest hurts themselves on my property.

Would you recommend me transferring the property into an LLC to protect my other assets? Austin STR rules says that you cannot have a license under an LLC but I figured I can just do it for a year and when renewal time comes up I can decide to sell it or switch it to a long-term rental. Just wanted to get your thoughts on this.

Thanks!
  • Kris Mehta
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