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General Landlording & Rental Properties

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John Nisewonger
  • Investor
  • Chesterfield, VA
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93
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Should I create an LLC

John Nisewonger
  • Investor
  • Chesterfield, VA
Posted Mar 24 2014, 07:03

I have one rental property. I am looking to purchase another within the next year.

Right now my property is under my name. I have noticed some people put their rentals under an llc. Should I be doing this? I have insurance on the property.

If I should be putting them under an llc, can all my properties go under the same llc or should I create an llc for each property. I am dealing with single family residences and maybe a duplex or quad at most in future.

Just looking for the pros and cons of llc. Thanks!!!!!

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