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Updated almost 6 years ago,

User Stats

250
Posts
258
Votes
Anthony R.
  • Property Manager
  • Lakewood, OH
258
Votes |
250
Posts

Rent Collecting with a Rental LLC Pyramid

Anthony R.
  • Property Manager
  • Lakewood, OH
Posted

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? 

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