House Hacking Leasing - Under my name? LLC?

[Rebecca B.]

Hi everyone,

I'm new to house hacking and to landlording. I purchased a property as a primary residence and converted the garage into a studio apartment that will be ready for renting this September. I've spoken to a lawyer about putting the property into an LLC but he advised against it since I would lose my homestead protection, not to mention lose my homestead exemption tax discount. He recommends waiting until I move out to transfer my currently property into an LLC, which we agreed was the appropriate action. I plan to manage renting out the ADU myself, when I move out, the main house will also go up for rent and I'll manage that, and when I purchase my next primary home it will be a multifamily to house hack again and manage any additional doors from that property as well.

Does it make sense to create an LLC to use to rent and manage the property out? Lawyer mentioned creating a series LLC if I plan to own multiple properties, but should the property management LLC separate? Any advise?