New Rental Business in Wisconsin

[Cole Marschke]

My wife and I are jumping in. Should be closing on our first two SFHs in the next few months. We've started an LLC, registered for Fed EIN, planning to open business checking. Will probably use BP tools to figure out a rental agreement. What are we missing? I'm told by my banker that the mortgage will need to be in our personal names. The houses will need to be titled in our names initially then we can pay to have them transferred to our LLC. I really want to keep the rental business separate for tax and liability purposes. Any recommendations are appreciated. We are in Northcentral Wisconsin.