Short-term rental in DC

[Anna Johnson]

Hello my fellow RE investors and landlord. I would like to hear your thoughts on whether it makes sense or not to form LLC to rent out my basement on air BnB occasionally. I'm located in DC and planning to obtain a license for short-term rentals soon( this is a new DC-specific law). Which made me wonder if I should form LLC first before I deal with license. Additionally, anything I should know before I start this journey? Any other DC specific laws that affects landlord for short term rentals? For example, I just found out that short term stay have to be less than 14 days.

[Tom Gimer]

In DC to operate a STR the property needs to be the owners homestead... and an LLC cannot have a homestead. DC will not issue either type of STR license to an LLC.