LLCs and Utility Payment

[Grace Donahue]

Hey guys,

My dad and I were wondering what we should do when it comes to LLC's and Utility payments. Should we have a one LLC to one property ratio or would it be better to have multiple properties under a few LLC's? Any suggestions?

Next ?, would it be ok to have the landlord the pay the utilities instead of the tenant sometimes?

Are either of these "toss of a coin" issues, or what in your opinion makes the most sense. We are looking in the Cleveland, Galion, and Mansfield cities of Ohio. Thanks.

[Anthony Wick]

@Grace Donahue

Waste of money and resources to have an LLC for each and every property. You can get a balloon liability insurance policy, plus the LLC, and be covered for probably 3-4 properties.

I had a short term tenant for a few months that wanted all utilities, garbage, and internet wrapped up into the rent. Sure thing! We agreed on a much higher rent.