Converting a Tenant-Occupied Rental From Personal Ownership to LLC

[Alistair Moras]

I'm looking for practical advice from anyone who has moved a tenant-occupied rental from personal ownership into an LLC for liability protection.

Current setup:

• Property titled in my personal name
• Tenant-occupied
• Managed by a property management company
• Conventional mortgage in place

I understand the theory, but I’m looking for real-world experience:

• Who did you talk to first (attorney, CPA, lender, insurance, PM)?
• How did you handle the mortgage / due-on-sale clause?
• Did you have to re-sign leases or update the PM agreement?
• Any insurance changes or surprises?
• Anything you wish you’d done differently—or reasons you decided not to move it into an LLC?

Not looking for legal advice—just trying to understand what’s worked (or caused issues) for other investors before engaging professionals.

Thanks in advance.