Should I start a property management company to manage my rentals

[David Casal]

Hello,

I'm wondering if there is a liability or other benefit to starting my own property management company to management rentals I own (some under my name and some under LLC's). I currently own and manage about 38 units. I also am a licensed real estate agent in PA and all properties are in PA.

I'm not sure it the added layer has any benefits from a liability standpoint or not.  From a management standpoint, it seems like it would make things a lot easier because I could have everyone make checks out to one company and then manage finances out of the management company.

Any input on this is greatly appreciated!

Thanks

David Casal

[Steve Vaughan]

Originally posted by @Brian Ellis:

@Steve Vaughan where would I start if I want to establish an s-corp? What are the fees involved?

 I'd start With a CPA/tax pro and an attormey.  See if an s-corp is better for you than another entity.

Once you get the all good from them, go to your secretary of state website. Should have an outline of the process and fees imvolved.