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Updated over 5 years ago,

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565
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391
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Kevin Lefeuvre#3 Coronavirus Conversation Contributor
  • Los Angeles, CA
391
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565
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Creating a LLC just for renting and managing my own property.

Kevin Lefeuvre#3 Coronavirus Conversation Contributor
  • Los Angeles, CA
Posted

I have decided so far not to create a LLC for each property, instead using a good insurance. Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in California to name one), etc.

But in the interactions with the tenants, for anonymity and some more protection without the above inconveniences, I thought one should be able to create one single LLC for all properties who is tenant facing, managing the properties. My own property management company without the license.

Can I appoint, or give power of attorney to my LLC to represent me vis-a-vis my tenants, lease, collect rent, etc...?

Is there any other legal entity like a DBA which can be used for that purpose?

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