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Updated almost 6 years ago,
Rent Collecting with a Rental LLC Pyramid
Let's assume the following
- In Ohio
- Each property is in an LLC
- Each LLC has a bank account
- All the LLC's are owned by a single parent LLC
If this above setup is what I put in place, can the tenants of each property pay rent to the parent LLC directly?
The reason I ask is that I don't want to have to take extra time each month to transfer the money out of each individual account into a single account so that I can pay bills, pay the mortgage, do repairs etc.
Is there a logical way to structure this or are the laws really this dumb?