Leasing property to LLC - Question

[Mayank Jhaveri]

Hi All -

In the process of getting our 2nd Airbnb started. For our 1st one, we have transferred the deed to an LLC, but someone mentioned that leasing your property to the LLC is also a smart way to still keep the title in your name.

Curious how people set this up? Just right a rental contract with the LLC like any other tenant and then have utilities setup under the LLC's name?

I know 1 major pro of this method is the ability to re-finance without doing another deed transfer, but any other major pros and cons?

Thanks,

Mayank

[Mayank Jhaveri]

Thanks all for the information, I appreciate it.

Sarah - I will connect with you to better understand how you went about it.