Creating a Property Management Co.

[Shaun R.]

I have approx 10 rental units that I and my partners manage ourselves. I have read and seen Asset Protection & Estate Planning attorneys discussing how to create a Property Management company to help run and shield your investment properties. Some of the information that I have seen recommends creating a separate C-Corp Property Management company which then executes a Master Lease agreement with the underlying properties held by LLCs. I do not fully understand this strategy. What are the advantages of this structure? Why create a C-Corp as opposed to a LLC for the Property Management Co.? Any help or advice would be greatly appreciated.