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Updated almost 4 years ago on . Most recent reply

Dana Boyd's profile image
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Dana Boyd
  • Rental Property Investor
  • from San Francisco
  • Member since Jun 28, 2020
  • Posts 44
  • Votes 28
  • Experience 4 Yrs
  • Investments 1
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Dana Boyd's profile image
Dana Boyd's profile image
Dana Boyd
  • Rental Property Investor
  • from San Francisco
  • Member since Jun 28, 2020
  • Posts 44
  • Votes 28
  • Experience 4 Yrs
  • Investments 1
Connect
Dana Boyd
  • Rental Property Investor
  • San Francisco
28
Votes |
44
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Short-Term & Vacation Rental Discussions

LLC or LLP for STRs. Is it Necessary?

Dana Boyd
  • Rental Property Investor
  • San Francisco
Posted

Hi everyone. I'm currently in escrow for my first STR here in CA. Trying to decide if I need to put the property in an LLC for tax benefit purposes. Quick questions - Is it necessary? Have you ever done so with any of your properties? If so, why? Thanks all!

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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

Is it a corporation or a partnership? Most likely it’s neither one. Just get an umbrella and call it a day. 

  • Luke Carl
  • Podcast Guest on Show #30
    • 1 Vote
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