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Updated almost 6 years ago on . Most recent reply

Emily Byrne's profile image
Emily Byrne's profile image
Emily Byrne
  • Rental Property Investor
  • from Fort Myers, FL
  • Member since Jul 9, 2018
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Emily Byrne's profile image
Emily Byrne's profile image
Emily Byrne
  • Rental Property Investor
  • from Fort Myers, FL
  • Member since Jul 9, 2018
Connect
Emily Byrne
  • Rental Property Investor
  • Fort Myers, FL
1
Votes |
6
Posts
Tax Liens & Mortgage Notes

One LLC Per Rental Property

Emily Byrne
  • Rental Property Investor
  • Fort Myers, FL
Posted

Hello, My husband and I have 4 rental properties. We both have full-time careers and we are trying to figure out the best way to set up our business for the long-term. We have one LLC at this time. Do you have one LLC that covers all of your rental properties or do you have one LLC per rental property? Advantages? Disadvantages?

Thanks for you help!

Emily and Jim

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Terrell Garren's profile image
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Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
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Terrell Garren's profile image
Terrell Garren's profile image
Terrell Garren
  • Rental Property Investor
  • from Concord, NC
  • Member since Dec 29, 2016
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
3,063
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1,240
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Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

19 SFHs, one LLC, one checking account, one umbrella policy, one spreadsheet, Dropbox and Cozy. Life is good.

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