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Updated about 1 year ago on . Most recent reply
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Landlord but intend to self manage through my property management LLC
Any landlords also self-manage their properties through an LLC? I set up a property management company this year and intend to get into the business of property management. But I wanted to start with my house first. The title/deed on our home is still in mine/my husband's name. But I want to manage the property through my LLC.
Eventually I can transfer the property to my LLC but haven't done that yet. I have applicants who are ready to sign a lease.
Can I put the landlord as my LLC on the lease? I want to keep my personal name off the lease for liability reasons clearly. Anyone in this situation, would like a 5-minute phone call on this if you can help!
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- Real Estate Broker
- Cody, WY
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Quote from @Lauren Samford:
Check your state laws. The law typically requires the property owner to be named on the lease, even if you are using a property manager. In my business, I list the property owner the same way they are listed on the deed, then I name my PM company as the agent for that owner.
Keeping your name off the lease doesn't protect you from any liability. If someone decides to sue, their attorney will figure out who the owner is.
- Nathan Gesner
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