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Updated over 3 years ago on . Most recent reply

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5
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1
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Timikeyi Egbuson
  • New to Real Estate
  • Houston, TX
1
Votes |
5
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Sub-leasing my rental properties from myself to my LLC

Timikeyi Egbuson
  • New to Real Estate
  • Houston, TX
Posted

Good day. I have been a real estate investor for the past year and currently own two properties in Texas. I recently set up an LLC mainly for tax purposes. The rental properties are currently deeded to my name. However, I'm looking to currently "lease" my rental property to my recently formed LLC and then sublease to my tenants when their current leases expires. How do I go about leasing from myself to my LLC legally and then subleasing? Is it as simple as just creating a lease and having my LLC as the "tenant" and creating another lease where my LLC is the landlord and the tenant is the tenant? Looking to get some clarity on this. Thanks in advance.

Most Popular Reply

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2,840
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2,019
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
2,019
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2,840
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
Replied

Watch the documentary on WeWork : )   They did something similar.  Not saying that is how it will work out for you of course, more a /s comment.  

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