Is an LLC Smart and Cost Effective for Multiple Properties?

[Michael Lin]

Hello. I own one primary residence home and a rental property, both in California. With the recent tax reform and SALT deduction changes, I’ve been thinking whether an LLC would help with my tax deductions and be a better way of protecting myself vs. liability insurance. Is it worth opening an LLC for my one rental property? (I’ve also been considering buying a third property for rental as well) With my properties, all in the range of about $500k, I’m afraid with the new SALT deduction changes, I will lose out on tax benefits. Can an LLC help with this? Thanks.