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Looking to learn the basics about setting up an LLC / property management (ie should I use legal zoom etc) for my Boston rental condo - am a newbie. Know nothing.

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You need an LLC to protect you from liability. Talk to a real lawyer and ensure you understand your legal obligations, risks, and processes. Renting can get dicey and you need to make sure you’re doing things by the books or you’ll get sued

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Not an expert by any means but I own a couple of rentals. You don’t need an LLC in my experience, what you might need more than anything is a good CPA. The tax return has Schedule E and a bit more complex when you add in depreciation and things. Otherwise, you should really consult an attorney to see what legal protection does the LLC offer. Keep in mind having an LLC will probably change your tax filing even more as now you have to file K-1.

Also not an expert, but I thought the benefit of having an LLC is to protect yourself if something were to happen to a single rental. I.e., if you have a separate LLC for each property and a tenant sues your potential liability is reduced. If I am wrong I would like it if someone could correct me.

Basic family lawyer can help with this. I set up a will, trust and put all my rentals in separate LLC with a family lawyer. Very simple process.

You dont need LLC for one Condo ... You can have a separate bank account to work through.

You do need one - it’s about protection from liability. LLCs aren’t hard to deal with, really a low bar of effort to protect yourself

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