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Updated over 5 years ago,

User Stats

258
Posts
35
Votes
Kumar Gaurav
35
Votes |
258
Posts

LLC for rent collection

Kumar Gaurav
Posted

Hello,

I own a multi-family rental property and I dwell in one of the units. Are there any benefits if I collect the rent from other units through an LLC vs encashing cheques in a personal account?

On a side note the multi- family home is in my name,it's a 30 year mortgage with 3.5 interest

would it also make sense to transfer the ownership to an LLC? I know the interest rates are higher now ,I am wondering under what circumstances would it make sense to transfer to an llc

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