subchapter S for existing rentals

[Scott W.]

I have 2 rentals; 1 in my name; the other in the wife's & want to put these into a subchapter S corporation. Is this possible and, if so, how do I do it?

Do I have to let the bank know as well?

I'm guessing after this is accomplished, the renters will have to write checks to the company name, create a business checking account @ the bank, & then also change the contract from our name to the corporation?

Sounds messy.