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Just get an umbrella insurance and that all you need. No need to have LLC. No advantage
Same tax deductions than a single owner. No tax advantage
F
I have one RP and the research I had done didn’t suggest any major benefit in starting an LLC. There’s cost in setting that up too.
Putting rental properties in an LLC offers personal liability protection, keeps business finances separate, and adds credibility. It also provides tax flexibility and makes it easier to transfer ownership or plan estates. It’s a smart move for anyone with multiple rentals looking to protect their assets and grow their investment portfolio.
Umbrella policy provides the same benefits without the extra hassle