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Updated about 1 month ago, 11/15/2024

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16
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7
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Andres Triveno
7
Votes |
16
Posts

How to structure short term rental ownership

Andres Triveno
Posted

I own several properties primarily for short term renting in different cities (San Antonio, Tampa, Pittsburgh). They are all in my personal name (deed and mortgage) however I have an LLC that I do business with and files taxes with. My question is should I quit claim all these properties to my one LLC? Should I get new LLC's for each property? Should I just get umbrella insurance to cover me under my one LLC? Whats the best course of action? And yes I plan on buying more property in 2025 and it may be in a new city/state. I appreciate any advice!

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