Trust or LLC for rental property

One of the most common question I get from my landlords is what is a better ownership vehicle for a rental property: a Trust or an LLC?

Well, here is the short answer: LLC

This answer is assuming your primary goal is insulating personal assets from liability.   Typically, beneficiaries of a trust will not be insulated from personal liability when it comes to owning rental property in the name of the trust.  If concealing the true identity of the owner from a public record search is your goal then a trust will suffice.   However, if limiting liability is your goal, then the LLC is the way to go.

If you wish to accomplish both anonymity and limited liability then you could do both a trust and LLC.   You would have a trust and the beneficiaries would be the LLC.