LLC for rentals?

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  • #4193

    bassadict69
    Participant

    My wife & I currently rent out a mobile home and and are seriously thinking about picking up another place or two to rent out…

    Should we start an LLC for our rentals? All will be under mortgage if it matters…

  • #4197

    Bassmaster
    Participant

    The main benefit of an LLC is that it can insulate you from personal liability if someone is hurt on the property and sues.

    There can also be tax advantages, but you would need to talk about that with a CPA.

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