Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
![Austin Montgomery's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1211865/1621510258-avatar-austinm136.jpg?twic=v1/output=image/crop=556x556@636x181/cover=128x128&v=2)
Can my Single Member LLC manage a unit owned in my personal name?
I have an LLC that owns three rental properties. I also have my personal residence that I am house hacking. I bought it with a VA loan, have lived in it 18 months, and am planning to move in a few months. I cannot move my property into the LLC without risking a due on sale clause, and I cannot refinance into the LLC because I don't have enough equity to refi to a commercial loan yet.
I am wondering if my LLC can still "manage" the property - i.e. the leases are in the name of the LLC, the rents go to the LLC, and the expenses/mortgage are paid out of the LLC account. I realize that I do not gain liability protection by doing this, but it simplifies my finances and gives a good marketing front by using my LLC name.
Here are the only issues I see: 1. Since my LLC does not have a broker's license, does it gaining financial compensation in a real estate deal create legal issues? 2. Does using the money from the LLC account to pay a mortgage in my personal name create issues with mixing funds?
I would be open to any recommendations for me in this situations with regards to simplifying my accounts, gaining liability protections, and/or getting this property into my LLC without risking a Due on Sale.
Thanks!