You should consult a tax professional to help get it sorted and set up a strategy.

Whether you're buying or selling, consulting a local realtor is key to navigating the ever-changing landscape and achieving your real estate goals.

Legal Advice: It’s always a good idea to consult with a real estate attorney to ensure everything’s set up correctly and to draft any necessary agreements.

This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.Best regards,Diego Curbelo

Can you please, advise, the investment consultant / advisor.

As others have reported visitor numbers are up in many places, but so are the # of AirBnBs....Check out this NYT article about Joshua Tree.... https://www.nytimes.com/2022/0...You might also look at forecasts from AirBnb, Vacasa, and VRBO and maybe if they report numbers places like AirDNA and Rabbu.https://news.airbnb.com/airbnb....One thing I always think you should do, is ask your consultants what the link is to their properties...most have a direct link, not just thru AirBnb/VRBO. 

In Maryland you could be consider a foreclosures consultant and be liable for big fines and jail time if you don't do it right!

Consult with local agents to learn about market trends, specific neighborhoods, and recent sale prices of comparable houses.

I have not had any issues with doing this on my taxes but I would make sure you consult your account and attorney on this matter.

@Jason Coleman  You can retain consultants who specialize and advocate on your behalf to insure you get the correct amount covered.