Can't transfer title to LLC. Can I still use for tax benefits?

[Ansari A.]

My lender wont let me transfer title to LLC (due-on-sale clause). Can I still route the rent income to LLC registered in my name even though the property does not belong to llc?

[David Kramer]

I do not have a whole lot of experience on the LLC front, but from what I understand the main benefit of using an LLC is for asset protection. It adds an extra layer between your rental property and your personal assets in the case of a lawsuit. If the LLC is a single-member LLC, I do not believe there would be any tax benefits to even routing your income through it as single-member LLCs are treated as "pass through" assets and the income is taxed on the same level as your other personal income.

Again, this is just from a cursory understanding, there may be some benefits that I am not aware of.