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Updated over 4 years ago on . Most recent reply

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Property under personal name and rent through LLC

Posted

I have an investment property with title under my name and I'd like to rent it out. Can I sign a contract with property manger through my LLC as and receive income and charge expenses through my LLC?

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8,144
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Basit Siddiqi
  • Accountant
  • New York, NY
3,683
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8,144
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Ashok Bhupathiraju

Just because you can do something doesn't mean that you should do it.

I think you should mention what you are trying to accomplish and we can determine if the steps you are taking are achieving your goal.

What benefit are you obtaining by having items run through the LLC while the property is in your personal name.
You should consult with an attorney but you will likely be named in a suit if something bad happens just because the title is in your name.

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Basit Siddiqi CPA
4.9 stars
76 Reviews

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