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Patricia Kwan
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Airbnb-ing a Primary Residence

Patricia Kwan
Posted

Hi all - new to the Bigger Pockets forums, so apologies if this has already been asked before, but wondering if anyone here has experience renting out. a private room in their primary residence? I am trying to figure out if people generally run these are sole proprietorships or through an LLC. I'm not sure it's so straightforward to put a room in your primary residence into an LLC but at the same time worried about the risk exposure if I don't - any thoughts on the pros and cons of either would be appreciated!

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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
Replied

I think for just one room in your own home with proper and plenty of insurance, there should be no reason to form an LLC

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