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Updated about 2 years ago,

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32
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15
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SFR Rental Income and LLC

Posted

Greetings,

What would be the best way to go about my scenario! I have a personal property single family residence, that is a homestead. I am in the process of renting out. This property is not under my series LLC. I have a LLC business account, can I route the rental income through this LLC business account? Would that cause any issues later down the line with the CPA or IRS?

Would a quick claim deed to my LLC be beneficial? Not sure if the lending company would deny if their is a clause in place.

Any other pointers or advise would be greatly appreciated.

Thanks

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