Rent payments cash flow....

[Carlos C.]

Hi to all, 

Im planning on opening a Wyoming LLC as a holding company, then open an LLC for each rental that we have in Kansas and Missouri.

I read several articles and would like input on the way rental payments should flow from the tenants to me.

1- The tenant deposits rent in the account of the LLC that owns the RE property.

2- The rent money is transfer to an account in the name of the Wyoming holding LLC

3- Any money that I need to pay for personal expenses is transfer from the Holding LLC account to my personal account.

Question:

1- Do I need to move money to the holding company... then to my personal account.. or can I move it from the Rental account to my personal account?

2- How do I open a Wyoming account? Do I need to open one in Wyoming? or just an account using the EIN number of the Wyoming LLC?

3- Is this actually necessary? Im trying to create a "paper" trail... but actually all will be done electronically... transfers between bank accounts... hopefully in the same bank. 

NOTE: The main reason Im thinking on opening a holding company in Wyoming is for the Charging Order protection advantages... KS and MO don't provide the same advantages.

Thanks.

[Carlos C.]

Scott, I actually contacted your company an pay for a consultation... but your packages were too expensive.. very creative and I bet these work great...but too expensive IMO. Thank you for the advice. I like that you add a land trust to the mix... for an extra layer of anonymity.