Renting out a house we own, is it best to just rent it out or is there any benefit to forming some kind of real estate company that it’s rented from? Is that even a thing? Pros / cons? Thank you!

likehelpful
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Switch home owners insurance to a landlord insurance policy.

Get an umbrella insurance policy.

If you can move the title to an LLC, sure go ahead. This can be hard to do if you still have a mortgage. If you don’t have a mortgage, very simple to do.

likehelpful

Do short term rental owners also need to get landlord insurance to get coverage?

I like having mine in an LLC for privacy reasons. If the tenants cause code violations, your LLC will be cited as owner instead of you personally.

helpful

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