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Updated over 5 years ago,
How should properties, owned by a LLC, be managed
In the next few months I'm looking to purchase my first property and I've read everything i can but seem unable to find an answer to this particular question. I plan to own the property in a LLC and more properties to come since I'm hoping to utilize the BRRRR method. If I manage the properties myself, what entity does the actual managing? Ultimately I plan to have several LLCs for the multiple properties. Not trying to do a LLC per property but I also don't want all my eggs in one basket... I want a happy medium. Can I manage properties from different LLCs, all owned by me, under one name? A separate property management LLC? As a sole proprietorship? Does each LLC have to manage their own properties thus requiring several websites, business cards, etc...
I know some of this is kind of long term thinking, and the business card thing is hardly that important, but since I'm unable to move on my first rental until I get back stateside I may as well strategize about the growth I plan to have.