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Updated over 4 years ago, 08/15/2020
Can I have my own LLC manage property owned in my personal name?
Good day BP,
I currently have one 4-unit rental owned in my personal name and I have a duplex (foreclosure) under contract which will also be owned in my name (to fulfill fannie mae owner occupied requirement). My question is: even though the property is owned by me the person, can my LLC "manage" the property, ie have the rent made out to the LLC?
I've had the 4 unit since August and just recently filed the LLC application and am awaiting approval, I've also took the step in obtaining the EIN for the LLC. I am in Kenosha, Wisconsin.
Thanks in advance for any input.