Management LLC and Raeltor LLCs

[Adam Widder]

BP, we have a couple a rentals, and I'm about to transition to become a realtor. I was given advice that it may offer some additional protection to myself if I establish an entity for a management company of our rentals, then have a separate entity as a realtor. Then keep my properties in our name. The management company would handle all transactions, leases, expenses, etc. Ownership, myself, wouldn't be involved, just collect the cashflow. 

Please advise if this sounds right and what entity set up I should choose? 

For the realtors in the group, how do you have yourself structured? 

Thanks!