Creating a property management company to manage rentals

[Alishan Jadhavji]

Hello all,

I (via my LLC) own several units now. I also lease out and manage the units via the same LLC. I am thinking about creating a new LLC (to be owned by my current LLC) to handle all the property management to provide for greater liability protection. Is this a recommended strategy or am I just adding to administrative costs without decreasing liability? Is there a way I can have the property management LLC act as the landlord for all intents and purposes?

Your advice is greatly appreciated! Thank