thinking about running my properties through a property mgmt entity, have a few questions.

[David Kirchhoff]

new to the site after watching a very informative blog where the individual discussed the aspects he LEAST enjoyed about being a landlord. ANSWER: tenant interaction. Mine seems to be the safe. all too often I bend over for tenants only to be taken advantage all. they all seem to feel that "oh you're a landlord you're rich" when I send late notices or complain when rent isn't paid on time. The investor in the BLOGs response to this was open a Property Management Company and filter all communications through that. I can then simply state I'm just the "manager", "don't shoot the messenger". I will also set up a separate phone line and voicemail service for this. as I really need to eliminate the frustrations of talking to some tenants directly. They always just tell me what I want to hear and never follow through. It's time for me to tighten up operations and follow my leases 100% for little bending.

that said what type of entity would this be? here is my portfolio. I have a total of 7 investment properties and 2 LLC. one of my 7 units is run through it's own LLC and a few of my other properties are run through a separate LLC and a couple are just in my name as the rules tightened up in my area (update NY) and it is difficult to get financing under an LLC and if I transfer the deed I'm told the bank with call the note due in full and it's fraud. Thus, eliminating any protection the LLC gave in the first place. correct me if this is wrong.

right now all rent checks are made to the LLC's and/or myself for properties that are under my name. now I'll want all checks made to the Property Management Company...... how do I connect the LLC and mgmn company? or is that redundant? sorry this probably seems like a stupid question but I really am clueless here. I didn't plan on obtaining this many properties it just kind of happened. however, I want to keep growing, streamline operations and make sure I'm doing it right.

any input would be greatly appreciated.

thanks

Dave from NY