I hold a single family home under a LLC name. The tenant-Landlord leasing contract is also signed under the LLC name. I would like to know , what are my personal liabilities if a tenant or someone else decide to sue a landlord (my LLC). I am asking this as I would like to buy more homes under an LLC and rent them. So far, I have a very good renter for last 2 years.
Q2: What if I buy property under my personal name and then sign a leasing contract with tenant under a LLC name (LLC as landlord or property management). Is it legally OK. What are my personal liabilities if someone sues an LLC in this case.