Holding properties in a LLC and managing in a separate LLC

[Austin H.]

Is anyone purchasing/holding/owning rental properties in one LLC and using another LLC to manage the properties? Any advice on max dollar amount to keep in one LLC?

The reason i ask is we currently own our properties in a LLC to project our personal assets, with the understanding that if we are ever sued they will go after LLC and personal assets but that doesn't mean they will succeed. We currently own $460k in assets in one LLC and will be over $550k in the next couple of months. My thoughts are if we set up different LLCs to hold properties and cap them at $500k or 750k or whatever $ amount we come up with and then manage the properties in a LLC that doesn't own in any assets etc. If ever sued the holdings LLC will be shielded better.

This also gives us an opportunity for branding/marketing the management company better, rather than using the name we came up with when setting up our 1st LLC (its rather lengthy)