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Updated over 4 years ago, 08/15/2020

User Stats

91
Posts
21
Votes
Edgar Perez
  • Kenosha, WI
21
Votes |
91
Posts

Can I have my own LLC manage property owned in my personal name?

Edgar Perez
  • Kenosha, WI
Posted

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.

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