Corporate structure for multiple small rent houses

[Shaun Connell]

I'm currently shifting some of my assets into small single family homes in a part of the country where real estate is still pretty cheap. Each house will have roughly 25k in equity. My concern is that it's a huge hassle to keep 20 separate bank accounts and am trying to find a safe way to keep the houses legally separate, but keep the finances consolidated somehow. I might just be out of luck.

That said, is it possible to have each house owned by an LLC, and to have a -SINGLE- management company that handles all of the financials for each LCC?

For example, the LLCs would be "Smith House 1, LLC" and "Smith House 2, LLC" and the management company would be "Smith Management."

All income would go to the management company directly and it would cover the expenses.

Would this blow up the corporate veil? I'm getting a response from my attorney, but I wanted to see what others are doing about similar situations.