How to Set up management company- homes NOT owned through company

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How to Set up management company- homes NOT owned through company

David Park
Member since 2018 · 3 posts · 5 votes

Hello, I currently own properties in NYC, NJ and PA. I am looking to set up a property management company that I will run (but the properties will NOT be owned under the company). What is the best structure? S Corp? LLC?

what is the best way for the rents to be collected? Through the company? Or to me directly?

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  • Mike McCarthy
    Investor · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    5y

    @David Park are you referring to a separate company to manage your properties (still your properties, just nit owned by the PM company)? Or are you planning on managing the properties of others?

    I don’t have a specific answer either way, but I’m sure the answer changes either way.

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  • David Park
    OP
    Member since 2018 · 3 posts · 5 votes
    5y

    My own properties- NOT other peoples- only my own.

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  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    5y

    LLC is easiest - unless you plan to pay yourself as W-2 employee.

    [email protected]248-209-6824
    Logical Property Management4.9460 Reviews
    WebsiteView Page
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