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Updated about 6 years ago on . Most recent reply

Sean Robertson's profile image
Sean Robertson's profile image
Sean Robertson
  • from Molalla OR
  • Member since Oct 6, 2018
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Sean Robertson's profile image
Sean Robertson's profile image
Sean Robertson
  • from Molalla OR
  • Member since Oct 6, 2018
Connect
Sean Robertson
  • Molalla OR
3
Votes |
21
Posts
Short-Term & Vacation Rental Discussions

LLC to run your rentals through ?

Sean Robertson
  • Molalla OR
Posted
New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well? Thanks
  • Sean Robertson
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    Mike V.'s profile image
    Mike V.'s profile image
    Mike V.
    • Rental Property Investor
    • from Campbell, CA
    • Member since Oct 15, 2017
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    Mike V.'s profile image
    Mike V.'s profile image
    Mike V.
    • Rental Property Investor
    • from Campbell, CA
    • Member since Oct 15, 2017
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    Mike V.
    • Rental Property Investor
    • Campbell, CA
    498
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    415
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    Mike V.
    • Rental Property Investor
    • Campbell, CA
    Replied
    I’ve consulted with my people and they advised me not to LLC and keep everything on schedule E and maintain good insurance. They ALL said LLC is the wrong approach and will cost me more In The long run and offered zero tax savings.
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