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Updated almost 2 years ago,
Can I use my LLC to manage rental properties it doesn't own?
I just got my first rental property, the mortgage is under personal (myself). I then started an LLC to do property management on it.
I plan to use this LLC as a landlord to do contracts with tenants and collect rents, expenses, etc.
Can I do that if the LLC doesn't own the property? Also, if I collect rents under LLC, how do I move the funds out to pay my mortgage?
Appreciate all answers or suggestions.
Thanks,
Ton R.