How should I collect rent and manage property ?

[Jeffery Drayton]

Hello BP family,

I just purchased my first ever Rental Property here in Illinois a few months ago. The home was purchased under my own personal name and has a mortgage. I will be self managing the home , but I was wondering what type of business structure most landlords use in the this situation. I plan to tell my future tenants that I’m the property manager & not the owner. I would like to keep my privacy....

I have an LLC that I created a year ago..so I was wondering if it's okay to collect rent through there..??..even though the home isn't actually an asset of the LLC, or should I create a DBA and do a sole proprietor with a DBA??

Can someone please give me some tips to handle this?? Thanks in advance