re: Transfer of rental property to an LLC

The cost to have the LLC operating agreement drafted and executed is usually the greatest cost involved. It is dependent on the attorney(s) you use and the complexity of the document. The order events occur will impact the cost. Forming the LLC and executing the operating agreement before any money is spent to acquire the rental property usually lowers the cost since it is generally less costly to acquire the property as the LLC than to acquire outside and transfer to the LLC.

You should realisticlly expect to pay at least $2,000, and you should not have to pay more than $5,000 if you use experienced professional advisors. I have done this sort of work. I can be contacted at tdpoodlebrain@gmail.com if you would like more detailed information.