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Updated over 10 years ago,
Accepting rental payment: What are my options??
So I'm pretty excited my closing date is quickly approaching for my first rental property! But I need advise.
Like many have suggested, I plan to play the role of the property manager when interfacing with tenants. I do not want tenants thinking of me as the owner. This would be hard to pull off if they're writing checks out to me! I have thought about forming an LLC to help with the obfuscation but I don't know if that's something I should do immediately.
Would it be easiest to simply form an LLC and associate a bank account with it since that's what I plan to do in the future?
What are the ways??