Ronnieboy
Full time employment: Posting here.
- Joined
- Feb 14, 2008
- Messages
- 748
Hi,
I became a reluctant landlord when I couldn't sell the house we moved from in a reasonable amount of time and in the soft market.
So far it hasn't been bad and I am actually looking at maybe buying another house to rent out since we have had good luck with this one.
The question is, should I create some type of LLC company to run all the rent and pay bills through?
Is there some kind of protection in case of lawsuits (renters dog bites someone and they go after me as the home owner)?
Are there tax benefits?
I became a reluctant landlord when I couldn't sell the house we moved from in a reasonable amount of time and in the soft market.
So far it hasn't been bad and I am actually looking at maybe buying another house to rent out since we have had good luck with this one.
The question is, should I create some type of LLC company to run all the rent and pay bills through?
Is there some kind of protection in case of lawsuits (renters dog bites someone and they go after me as the home owner)?
Are there tax benefits?