Our property is pretty much strictly used to rent out to people for making some extra dough - a side business really.
After reading here as well as other places about the horrors that can happen, we are concerned enough to start investigating an LLC to put our property in.
It's extra overhead, a pain to deal with and frankly, I'm not sure what all else.
But it does seem to shield us from that one person coming in and taking everything we own because of a slip and fall and an agressive lawyer.
What do you guys do and why?
And what are the implications re: AirBnB if we do go the LLC route?