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Updated over 4 years ago,
Investment property title
I'm looking for some advice on how to best title an investment property to an LLC. I have an operating LLC registered in the state that I plan to rent the property. This is a single member LLC where the member is a holding company LLC. Can I have the holding company LLC hold title to the property and rent it out through the operating LLC? Do I need some sort of agreement drawn up between the two entities to allow the operating LLC to rent and manage the property when titled to the holding LLC? From an asset protection and liability standpoint, is it more appropriate to title the property to the operating company LLC? Any suggestions would be much appreciated.