@Stephanie365, I get the point of using LLCs. I am just thinking that should something happen on the property, you as an individual would be included in any lawsuit, despite the structure of renting to the LLC.
I imagine the liability of the LLC would solely be in the area of rental operations (meaning, if the LLC made some sort of error handling reservations and such.)
The condition of the property is the responsibility of the owner, despite who rents from it. Plus, people tend to throw anyone even obliquely related to an incident into lawsuits.
Does anyone really think that if a person injured themselves on your property, they would avoid suing the owner? Especially in favor on solely suing an asset-less LLC?
Every web page I could find discussing the use of LLCs for rental property starts with making the LLC the actual owner of the property. This is why I figure that if you remain as the actual owner of the property, using the LLC to handle the rental aspects is not going to shield you from a lawsuit.
I am not a lawyer, so you should certainly consult with someone knowledgeable about LLCs and real property.
(I do hold some real estate in an LLC, and the LLC is the actual owner of the property.)
It would be a shame to go through the trouble and expense of creating an LLC and not gain the benefits you are seeking.