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Tom Wallace
  • Investor
  • East Syracuse, NY
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LLC for rental properties?

Tom Wallace
  • Investor
  • East Syracuse, NY
Posted Aug 16 2011, 11:42

I currently own 3 single family properties which I rent out. I am in the process of trying to secure more. I have a simple DBA. I am thinking about forming an LLC to provide myself some protections. At the same time, I am considering starting a property maintenance business with my son. This "division" of the business will provide maintenance for the rental properties but will also provide the same services for other customers. Does it make sense to have both the ownership of the properties I purchase and the "handyman/maintenance" business under the same LLC?

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