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Updated about 6 years ago on . Most recent reply

Account Closed
  • Pittsburgh, PA
1
Votes |
1
Posts

Self Managing with a company Name/LLC - First Time Investor

Account Closed
  • Pittsburgh, PA
Posted

I have been looking around and cannot find a clear answer/discussion on the topic, but does anyone have experience with self managing through their own property management company?

I see many people marketing their self owned/managed properties as a company for example: call Jay at JT Properties, make checks payable to JT Properties etc. This is not an outside property management company.

Does it make sense to set up a separate business entity to manage your own properties through? 

For someone who only plans to invest in 5-10 properties does it make sense to just have a generic email address, and have checks made out to you personally?

For the record I am just starting to investigate small multifamily properties in my area, looking through the biggerpockets forums, following the blogs of other investors etc. 

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Bettina F.
  • Investor
  • Post Falls, ID
697
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Bettina F.
  • Investor
  • Post Falls, ID
Replied
We do the same. Our apartment building is in the name of our LLC. Checks are both paid and received in the name of the LLC. We sign rental agreements with our name followed by the LLC name.

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