SFR owned on my name, Iooking to use LLC for all the Financials!

[Kesava Chunduri]

Hello BP community - Good Morning.

I am new to Investment space and recently purchased a Single Family Residence that I am trying to rent it out.

Property is on my name. But I am looking to use a newly formed LLC to collect rent and payout every costs (Property Taxes, Repairs, Insurances, etc) from this LLC.

This is to simply keep all Financials separate from my personal using LLCs Business account, not for tax saving purposes or liability protection.

Few questions:

1. Do I add my LLC as property manager on the lease contract requesting the tenant to write checks on the LLC name directly?

2. Do I need to lease my property to the LLC for any reason and then do I need to sublease this to the tenant?

3. Any other better way to handle this?

I thought #1 is simple and a better approach, please correct me if I am wrong.

Please suggest a better way to maximize the usage of my LLC.

Thanks in advance for your responses!!!