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Series LLC and Leases
Hi, I formed a Series LLC in Texas a few years back and just acquired my first rental property in Series A. I am wondering in terms of the lease, would the landlord would be the name of the LLC - Series A and the tenant would pay rent in the name of the Series? I am planning to manage the rental myself and use a single bank account for the parent LLC using Quickbooks. In there you can use classes to tie the income/expenses to each Series. Sound right? My main question is around the lease and just confirming the landlord would be the individual Series. I've heard of doing a DBA per series but that seems to get even more complicated. Any advice, thoughts, confirmation, etc. are welcome.