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Updated almost 2 years ago,

User Stats

8
Posts
1
Votes
Ton Ratana
1
Votes |
8
Posts

Can I use my LLC to manage rental properties it doesn't own?

Ton Ratana
Posted

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.

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