Do tenants rent from YOU personally or from a BUSINESS?

[Cameron Riley]

- Do you have an LLC in place to accept and sign leases and handle transactions?

- " John Smith Rentals ""

" Toby Smith landlording Group "

Yes or no?

[Joe Splitrock]

The lease and payment is with whomever owns the property. If you own the property in your personal name, then the lease and payment goes to you. You can operate under a DBA, so the lease would say "Cameron Riley, DBA Riley Properties". The tenant could write the check to Cameron Riley or Riley Properties in that case, because the two are interchangeable. The lease should have your personal name and DBA on it, because if you go to court later you need the entity of ownership on the lease. If you setup an LLC, the property needs to be owned by the LLC and in that case the lease and payment would go to the LLC name. In that case Cameron Riley would just be a representative of the LLC.