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Updated over 8 years ago on . Most recent reply

Property management as LLC?
In the process of buying my first SFH for BRRRR. For a conventional mortgage/refi, I'm buying it in my name. It sounds like it isn't worth the higher rates for portfolio or private lending. I'm good with this plan.
Does it make any sense to create an LLC for the property management portion? I feel like having a company name, company checks, company bank account, company name on the rental agreement, etc would seem more professional as opposed to keeping everything with my name.
Am I overthinking this at this point? Should I just keep it simple for now and everything in my name until I grow larger than the conventional mortgage process? Or jump right in and set up an LLC even though the it doesn't help the liability side too much?
Thanks in advance for your thoughts.
-Mike
Most Popular Reply

if you are more into the name portion of the llc then the asset protection portion and can always just dba. Then the name can be past call you whatever you want and it's cheaper then an llc. But as motivation to use an llc, llcs need seasoning time if they don't have substantial assets. So creating and using it now can help you 3 years from now when you actually want one.