STR in Cape Cod, MA

[Phillip Flakes]

Hi BiggerPockets Community!

I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. It seems like MA encourages (and maybe even requires) that you register with the Department of Revenue which leads me to believe it should be held in an LLC or business.

Anyone have experience, insights, etc on STR's in MA and how is property held and why?

Thanks in advance for any replies.

[Sarah Kensinger]

An investor should have every property held in the right entity and not in their personal name, no matter if it's a LTR or STR. I believe there is a STR real estate regular meetup in the Cape Cod are, but I'll need to ask about where and when it typical is.