Looking for a good Property Manager in Hammond/Gary IN area

[Mike Wascher]

Scenario: we (2 member) have an LLC in Calif and invested in our first residential rental in Indiana. My partner took out a mortgage on the SFR. He then deeded the property to a trust that has the LLC (officers and members) as a beneficiary (all based on advise received from multiple sources). However, an enrolled agent mentioned that the "trust" will have to file a tax return as well as the LLC, but he wasn't sure. Does anyone out there have experience as partners in an LLC deeded property to LLC via a trust and gone thru tax seasons? Does this cause extra filing? What if the property were deeded directly to the LLC? What is the negative impact of that?

Thanks,

Mike in SDCA