Agreement between Holding and Property Management LLCs

[Sweta P.]

Hi all. We just bought our first (of many we hope!) buy and hold rental and will be deeding it into an LLC owned by our trust. I would prefer to set up a second property management LLC to handle all the tenant screenings, notices, inspections etc. All payments will flow in and out of the individual holding LLC bank accounts and the PM operating LLC in theory should never even have the need for a bank account. I do not intend to charge or collect property management fees as that will complicate things unnecessarily since the entities are pass through anyway. Has anyone else used this structure? If so, could you please share the agreement you use between the two separate companies?

Thank you!