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Updated over 6 years ago on . Most recent reply

Allison Nguyen's profile image
Allison Nguyen's profile image
Allison Nguyen
  • from Houston, Texas
  • Member since Apr 19, 2018
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Allison Nguyen's profile image
Allison Nguyen's profile image
Allison Nguyen
  • from Houston, Texas
  • Member since Apr 19, 2018
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Allison Nguyen
  • Houston, TX
4
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8
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Local Real Estate Networking

LLC for Your Rental Property Question

Allison Nguyen
  • Houston, TX
Posted

I wonder if it's worth it to create an LLC when you have only one rental property. Also how much does it cost to have one created and maintained? All inputs are appreciated. Thanks!

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Ali Boone's profile image
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone's profile image
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Ali Boone
  • Real Estate Coach
  • from Venice Beach, CA
  • Member since Oct 6, 2012
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

I don't think it is, personally. Here's reasons why-

https://www.biggerpockets.com/renewsblog/2013/08/1...

In short though, I don't see a benefit to an LLC for one property that would cover anything more than an umbrella insurance policy would, and umbrellas don't bring all the drama that LLCs do.

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