Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
You must be logged in and allowed to do that
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mayank Jhaveri

Mayank Jhaveri has started 2 posts and replied 4 times.

Post: Leasing property to LLC - Question

Mayank JhaveriPosted
  • Investor
  • Chicago, IL
  • Posts 6
  • Votes 4

Thanks all for the information, I appreciate it.

Sarah - I will connect with you to better understand how you went about it.

Post: Leasing property to LLC - Question

Mayank JhaveriPosted
  • Investor
  • Chicago, IL
  • Posts 6
  • Votes 4

Hi All -

In the process of getting our 2nd Airbnb started. For our 1st one, we have transferred the deed to an LLC, but someone mentioned that leasing your property to the LLC is also a smart way to still keep the title in your name.

Curious how people set this up? Just right a rental contract with the LLC like any other tenant and then have utilities setup under the LLC's name?

I know 1 major pro of this method is the ability to re-finance without doing another deed transfer, but any other major pros and cons?

Thanks,

Mayank

Post: How to handle 2 LLCs under one Airbnb, Vrbo account?

Mayank JhaveriPosted
  • Investor
  • Chicago, IL
  • Posts 6
  • Votes 4
Quote from @Account Closed:
Quote from @Mayank Jhaveri:

Hello All -

We are in the process of purchasing our 2nd STR and since this will be under a different LLC, trying to understand how other hosts handle this situation. I don't believe Airbnb & Vrbo allows 2 different LLCs with 1 email/account so curious how hosts get around it.

Obviously, we want to make sure the super host status and all the good reviews are visible on the new property as well. 

Thanks in advance for your help!

and, if one bad guest gives you a bad review, that shows up there too. And if AirBNB should ever decide to shut down one AirBNB listing, the other one gets shut down too. Diversity is a better option.

 I had not thought of that. Thanks for sharing that perspective. We will consider it.

Thanks All!

Post: How to handle 2 LLCs under one Airbnb, Vrbo account?

Mayank JhaveriPosted
  • Investor
  • Chicago, IL
  • Posts 6
  • Votes 4

Hello All -

We are in the process of purchasing our 2nd STR and since this will be under a different LLC, trying to understand how other hosts handle this situation. I don't believe Airbnb & Vrbo allows 2 different LLCs with 1 email/account so curious how hosts get around it.

Obviously, we want to make sure the super host status and all the good reviews are visible on the new property as well. 

Thanks in advance for your help!