House Hacking with Airbnb should I make it a LLC

[Eric Teran]

I am renting the basement of our house as a two bedroom apartment on Airbnb. Should we have this set up as a LLC? Right now we just have the rental income going into our personal bank account and a lot of the things we bought/did to the basement is mixed within our personal receipts. Hopefully in the future we have more rental properties that are not house hacking but that is a year or two away. Any thoughts?