Updated about 5 years ago on . Most recent reply
LLC or personal account for rental revenue?
Newbie landlord here, I'm renting my personal home and current primary while shopping for a new primary. I have an LLC I've never done anything with and could push the rental revenue through it or I could just run the revenue through my personal accounts. I'm wondering the pros and cons of each. This property will generate 60k a year but will not generate a profit. I'm expecting a loss of 1-3k after morgage, taxes, ins. & HOA, excluding any unknown repair costs and depreciation.