Real Estate investing with LLC and Leases

[Jerrad Dumont]

Hello, Was hoping for some advice. I just purchased a house near a college. I have some students that are going to come and sign contracts for the house. Should i put my house into an LLC or just do everything through me personally? Also, is their a way that i can have them sign a 2 semester lease without putting my name on the lease? I was thinking that having an LLC would help this?

Any information would really help.  

Thanks.  JD

[Kenneth Garrett]

@Jerrad Dumont

I completely disagree on the LLC. There is nothing complicated with it. This is a business and you should treat it as one. The LLC will provide asset protection. I have student housing as well and you need as much protection as possible. You can never have enough insurance why not use the LLC to your advantage. Check out Mark Kohler on You Tube. He is an attorney and CPA and explains in simple terms the advantage of holding property in an LLC. He conducts a podcast with great information.

Good Luck.