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Updated over 4 years ago,
How are other landlords using their LLC’s
I just registered my LLC and i want the income/cash flow that's generated from my existing rental property to count as income to the LLC instead of myself. Should I possibly have the tenant deposit rent payments into the bank account of the LLC? If I do this will I run into any problems taking money out of the LLCs account to pay the the rental property's mortgage? I'm trying to create a trail which shows that the LLC is generating income in attempts to qualify for business credit to fund my future deals. Thanks