My question involves business law in the state of: Florida
Excuse me if I have placed this topic in the wrong area - I couldn't quire see where it could fit in the real estate section.
My wife and I own 4 rental properties and have long been advised that we need to put them in LLC's to protect our investment. However, we have had so much conflicting advice on the matter that it's really getting confusing. An acquaintance of my wife's, who's something of a high profile investor who does seminars on property investment, told her that we should put all four properties under one umbrella LLC. Our accountant advised that we should get a seperate LLC for each house, even though it costs more to maintain them.
Anyone with some expertise on the matter willing to clarify the situation?