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Updated 4 months ago,
Should property manager pay me through my SSN or through a pass-through LLC EIN?
Hi I'm hoping for some advice on this one. My accountant has this in their inbox as well. I have two LTRs out of state that are managed by a local, fantastic property management company. To date, they've been sending me rent proceeds right to my personal bank account, in my personal name. The houses are in my name, for now anyway. My question is...
Should I give the property manager the EIN of an LLC that I already have and already use for a local LTR? I manage the local one myself. Doing so would increase revenue to my property management LLC but likely has some downsides I'm not aware of yet. Thoughts? Thanks all!