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Updated over 5 years ago,
LLC in one state managing rent in another
I have a property in my personal name in CA. I have a management company LLC in VA can I just have my tenant pay my Virginia LLC the rent charge myself a management fee through the LLC then pay myself through the LLC? This should be ok right? My concern really is that the LLC is Virginia based and the property I own is in CA. I"m just trying to build cash flow into the LLC to make additional investments. Any feedback would be helpful! Thanks!