Sean Pyles

The trade-off there would be that if and when you go to sell the property, if you have been depreciating it, you would have a lower basis and you may not be able to get as much in the sale, correct?

The trade-off there would be that if and when you go to sell the property, if you have been depreciating it, you would have a lower basis and you may not be able to get as much in the sale, correct?

That's the whole point is to not sell. What am I thinking?

That's the whole point is to not sell. What am I thinking?

That's the whole point is to not sell. What am I thinking?

Exactly. Okay.

Exactly. Okay.

Exactly. Okay.

One last big thing I want to talk with you about is that I'm considering starting an LLC, a limited liability company, to manage and own my rental property. Did you go this route and why or why not?

One last big thing I want to talk with you about is that I'm considering starting an LLC, a limited liability company, to manage and own my rental property. Did you go this route and why or why not?

One last big thing I want to talk with you about is that I'm considering starting an LLC, a limited liability company, to manage and own my rental property. Did you go this route and why or why not?

Mm-hmm.

Mm-hmm.

Mm-hmm.

Yeah, because the main appeal for me is limiting my own liability. If something does happen on the rental property to the rental property on the premises there, it's the LLC's problem and my personal finances would be shielded. The potential downside that I've seen so far is that my lender will have to approve moving the title of my mortgage to the LLC.

Yeah, because the main appeal for me is limiting my own liability. If something does happen on the rental property to the rental property on the premises there, it's the LLC's problem and my personal finances would be shielded. The potential downside that I've seen so far is that my lender will have to approve moving the title of my mortgage to the LLC.

Yeah, because the main appeal for me is limiting my own liability. If something does happen on the rental property to the rental property on the premises there, it's the LLC's problem and my personal finances would be shielded. The potential downside that I've seen so far is that my lender will have to approve moving the title of my mortgage to the LLC.

And they might want me to refinance to do that, which would mean giving up my super low interest rate. Oh, no. Yeah, don't do that. I'm not inclined to do that.

And they might want me to refinance to do that, which would mean giving up my super low interest rate. Oh, no. Yeah, don't do that. I'm not inclined to do that.

And they might want me to refinance to do that, which would mean giving up my super low interest rate. Oh, no. Yeah, don't do that. I'm not inclined to do that.