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Updated almost 2 years ago on . Most recent reply

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8
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1
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Ton Ratana
1
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8
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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.

Most Popular Reply

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1,220
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933
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Mike S.
  • Investor
  • Broward County, FL
933
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1,220
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Mike S.
  • Investor
  • Broward County, FL
Replied
Quote from @Mike S.:

Tax avoidance is illegal. Tax optimization is not.

I tried to update my post.
I was wrong, tax avoidance is legal. Tax evasion is not.

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