Operating a Real Estate Business & Contracting Business Under the same LLC

[Samuel Shipley]

Does anybody have experience with operating your real estate company and contracting business under the same LLC?

I'm new to REI and have one rental property, which is not my primary source of income. I recently started doing contracting in my local area (small remodels, electrical, plumbing, handyman services) and figured I might as well operate both businesses under the same LLC. However, I'm wondering what implications/difficulties this may cause regarding taxes, legal/insurance liabilities, or any other aspects I'm not considering.

Any and all advice or experience is appreciated.